Wakita, OK is a small town located in Oklahoma and it offers affordable living for its residents. The average rent for a two-bedroom apartment is only $650 compared to the national average of $1,430. Additionally, the Grocery Cost Index in Wakita is 89 compared to 100 nationally. Major local businesses that are prominent in Wakita include the Wakita Elevator Company, which sells grain products, and Wakita Feed Store, which does animal feed sales and services. Other businesses found in the local area include banks, pharmacies, gas stations and restaurants.
Wakita has an unemployment rate of 2.4%. The US average is 6.0%.
Wakita has seen the job market decrease by -3.0% over the last year. Future job growth over the next ten years is predicted to be 1.6%, which is lower than the US average of 33.5%.
Tax Rates for Wakita
- The Sales Tax Rate for Wakita is 5.8%. The US average is 7.3%.
- The Income Tax Rate for Wakita 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 Wakita
- The average income of a Wakita resident is $22,547 a year. The US average is $37,638 a year.
- The Median household income of a Wakita resident is $36,250 a year. The US average is $69,021 a year.