Pettit, OK is a small town located in Oklahoma. It is known for its affordability and low cost of living as evidenced by the 2-bedroom rent being $840, which is considerably cheaper than the US average of $1,430. Furthermore, the grocery cost index in Pettit is also lower at 93 compared to the US average of 100. This makes it an attractive destination for those looking for an affordable place to settle down. Some local companies in the area include Pettit Construction Co., Oklahoma Auto Parts & Supply Co., and The Coffee Shop. All three businesses have served local residents faithfully for years and are key contributors to the community's economic growth.
Pettit has an unemployment rate of 4.2%. The US average is 6.0%.
Pettit has seen the job market decrease by -0.3% over the last year. Future job growth over the next ten years is predicted to be 20.1%, which is lower than the US average of 33.5%.
Tax Rates for Pettit
- The Sales Tax Rate for Pettit is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Pettit 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 Pettit
- The average income of a Pettit resident is $26,743 a year. The US average is $28,555 a year.
- The Median household income of a Pettit resident is $59,160 a year. The US average is $69,021 a year.