Woodward, OK Economy


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Woodward, OK is an ideal city for those looking to settle down and start a family. With a 2 bedroom rent of only $920, it is much cheaper than the US average of $1,430. Woodward also offers an affordable grocery cost index of 93 compared to the national 100.
The city offers plenty of recreational activities for families and individuals alike. The Boiling Springs State Park provides great outdoor activities such as swimming, fishing, camping and hiking. Also located in Woodward is the Plains Indians and Pioneers Museum which showcases artifacts from Native American tribes that once inhabited the area. The museum also has memorabilia from pioneer settlers who first explored the area in the late 1800s.
The area is home to several big-name companies such as Amazon, Walmart Distribution Center and Burlington Northern Santa Fe Railway Company (BNSF). Education is accessible with local universities like Northwestern Oklahoma State University offering degree programs in various fields. Woodward also has numerous restaurants like Dos Amigos Mexican restaurant serving delicious Mexican cuisine to locals and visitors alike.

Woodward has an unemployment rate of 4.7%. The US average is 6.0%.

Woodward has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 10.8%, which is lower than the US average of 33.5%.

Tax Rates for Woodward
- The Sales Tax Rate for Woodward is 9.4%. The US average is 7.3%.
- The Income Tax Rate for Woodward 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 Woodward
- The average income of a Woodward resident is $26,110 a year. The US average is $28,555 a year.
- The Median household income of a Woodward resident is $50,039 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyWoodward, OklahomaUnited States
  4.76
  -3.8%-6.2%
  10.8%33.5%
  9.4%6.2%
  5.0%4.6%
  $29,635$37,638
  $50,039$69,021
  $58,816$85,028
  Population by Occupation
  2.7%1.2%
  9.9%0.5%
  6.9%6.8%
  7.3%10.0%
  2.4%2.5%
  17.3%11.0%
  4.2%4.8%
  1.0%0.8%
  2.1%1.9%
  2.3%4.7%
  1.7%1.9%
  1.6%7.6%
  0.0%0.1%
  1.6%4.2%
  11.0%9.3%
  7.0%14.0%
  0.5%2.1%
  7.3%7.0%
  5.6%4.8%
  7.8%4.7%
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