Swink, OK is a small town with a population of roughly 500 people. It is located near Altus, Oklahoma and offers rural living without the hustle and bustle of big city life. The cost of living in Swink is relatively low compared to other parts of the U.S., as evidenced by its two bedroom rental rate being $700 compared to the average two bedroom rental rate in the U.S. at $1,430 per month. Additionally, the grocery cost index is 92 in Swink compared to 100 in the U.S., making it nearly 8% cheaper to purchase groceries in Swink than elsewhere in the country. Some local businesses that serve Swink include Taylor's Grocery Store and J & S Auto Repair Shop. Overall, Swink offers a peaceful atmosphere at an affordable price for those looking to settle down in a rural area close to nature.
Swink has an unemployment rate of 6.0%. The US average is 6.0%.
Swink has seen the job market decrease by 0.0% over the last year. Future job growth over the next ten years is predicted to be 18.8%, which is lower than the US average of 33.5%.
Tax Rates for Swink
- The Sales Tax Rate for Swink is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Swink 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 Swink
- The average income of a Swink resident is $18,631 a year. The US average is $28,555 a year.
- The Median household income of a Swink resident is $45,000 a year. The US average is $69,021 a year.