Terral, OK is a small rural town located in western Oklahoma. It has a population of around 300 people and is known for its rolling hills, open prairies, and peaceful atmosphere. The average two bedroom rent in Terral is much lower than the US average at only $620 per month compared to $1430 nationally. The grocery cost index in Terral is 87 compared to 100 on the national level, making it an affordable place to purchase groceries as well. Local businesses in Terral include Java Café, Sweet & Savory Bakery and Cafe, Home Depot, and Ace Hardware. The overall cost of living in Terral is significantly lower than most other areas due to the low housing costs and grocery prices.
Terral has an unemployment rate of 3.8%. The US average is 6.0%.
Terral 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 13.3%, which is lower than the US average of 33.5%.
Tax Rates for Terral
- The Sales Tax Rate for Terral is 9.5%. The US average is 7.3%.
- The Income Tax Rate for Terral 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 Terral
- The average income of a Terral resident is $22,251 a year. The US average is $37,638 a year.
- The Median household income of a Terral resident is $38,750 a year. The US average is $69,021 a year.