Poteau, OK is a small town in eastern Oklahoma. It is known for its friendly and welcoming atmosphere, making it a great place to live. In terms of cost of living, 2 bedroom rent in Poteau is significantly lower than the US average which makes it an attractive option for those looking to save money. Additionally the Grocery Cost Index in Poteau is 92 compared to 100 in the US, providing another way for residents to make their dollar stretch further. This town also has numerous businesses that help keep the local economy running strong such as Jones Oil Company, D&G Industries Inc., Cutright & Associates, Timber Products Manufacturing Co., and Re-Bath Oklahoma.
Poteau has an unemployment rate of 6.7%. The US average is 6.0%.
Poteau has seen the job market decrease by -0.4% over the last year. Future job growth over the next ten years is predicted to be 21.5%, which is lower than the US average of 33.5%.
Tax Rates for Poteau
- The Sales Tax Rate for Poteau is 9.5%. The US average is 7.3%.
- The Income Tax Rate for Poteau 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 Poteau
- The average income of a Poteau resident is $18,467 a year. The US average is $28,555 a year.
- The Median household income of a Poteau resident is $40,711 a year. The US average is $69,021 a year.