Nicut, OK is a small town in the center of the state with a population of about 600. It is home to several local businesses and organizations such as Nicut General Store, Pigeon Hill Brewing Company and the Nicut Lions Club. The cost of living in Nicut is significantly lower than the US average as evidenced by 2 bedroom rent which is $780 compared to $1,430 nationally, and grocery cost index that sits at 92 against 100 in the US. Local amenities are plentiful and include farmer's markets, parks, churches, post office and elementary school.
Nicut has an unemployment rate of 4.8%. The US average is 6.0%.
Nicut has seen the job market decrease by -1.7% over the last year. Future job growth over the next ten years is predicted to be 21.9%, which is lower than the US average of 33.5%.
Tax Rates for Nicut
- The Sales Tax Rate for Nicut is 9.9%. The US average is 7.3%.
- The Income Tax Rate for Nicut is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Nicut
- The average income of a Nicut resident is $17,265 a year. The US average is $37,638 a year.
- The Median household income of a Nicut resident is $27,083 a year. The US average is $69,021 a year.