Texhoma, OK is a small town located in the Texas panhandle region. It's a great place to live with plenty of local attractions and businesses that make it a great community. Local companies include: Texhoma Implement Co., Inc., which provides farm equipment; Texhoma Bank & Trust, which offers full banking services; and DR Brown LLC, an auto repair shop. Other local attractions include Redbud Park, which has picnic tables and walking trails; Marland Mansion Museum, which houses artifacts from the prominent family of oil tycoon E.W. Marland; and Thompson Beach on Lake Texoma, where visitors can enjoy swimming and boating. With its low cost of living—2 bedroom rent is just $850 compared to the US average of $1,430—and low grocery cost index—89 versus 100 in the US—Texhoma is an ideal place for both families looking to put down roots or individuals looking for an affordable place to call home.
Texhoma has an unemployment rate of 1.6%. The US average is 6.0%.
Texhoma has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 15.6%, which is lower than the US average of 33.5%.
Tax Rates for Texhoma
- The Sales Tax Rate for Texhoma is 8.5%. The US average is 7.3%.
- The Income Tax Rate for Texhoma 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 Texhoma
- The average income of a Texhoma resident is $21,749 a year. The US average is $37,638 a year.
- The Median household income of a Texhoma resident is $52,830 a year. The US average is $69,021 a year.