Texola, OK is a small town in Oklahoma with a population of only 285 according to the latest census. It is located along US Route 66 and is about an hour drive from Oklahoma City. The town's economy consists mainly of local business such as O'Bryant Hardware, Texola Cafe & Diner, and JL's Country Store. Despite being an economically small town, Texola has one of the best cost of livings in the country due to its low housing costs. The average two-bedroom rent for Texola is $850 which is significantly less than the national average of $1,430. Similarly, Grocery Cost Index in Texola is 90 whereas it is 100 on an average across the US. This makes Texola an ideal location for those looking for affordable housing and groceries.
Texola has an unemployment rate of 5.0%. The US average is 6.0%.
Texola has seen the job market decrease by -8.3% over the last year. Future job growth over the next ten years is predicted to be 19.8%, which is lower than the US average of 33.5%.
Tax Rates for Texola
- The Sales Tax Rate for Texola is 9.3%. The US average is 7.3%.
- The Income Tax Rate for Texola 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 Texola
- The average income of a Texola resident is $35,038 a year. The US average is $37,638 a year.
- The Median household income of a Texola resident is $0 a year. The US average is $69,021 a year.