Verden, OK is a small town located in Oklahoma with a population of just over 1,000 people. It is known for its quaint atmosphere and peaceful living. The cost of living in Verden is quite low when compared to the US average; two bedroom rental costs are $790 as opposed to the US average of $1,430. Additionally, grocery costs are 91 out of 100 compared to the US index - making it an incredibly affordable place to live. There are a number of local businesses that call Verden home such as Verden Feed and Grain, Verden Lumber Company and Verden Ford. These businesses provide Verden’s residents with employment opportunities and contribute to the economy of this small town.
Verden has an unemployment rate of 3.7%. The US average is 6.0%.
Verden has seen the job market decrease by -2.7% over the last year. Future job growth over the next ten years is predicted to be 29.5%, which is lower than the US average of 33.5%.
Tax Rates for Verden
- The Sales Tax Rate for Verden is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Verden 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 Verden
- The average income of a Verden resident is $20,068 a year. The US average is $37,638 a year.
- The Median household income of a Verden resident is $41,042 a year. The US average is $69,021 a year.