Cotton, OK County is a part of the US with an estimated population of around 4,300 people. It's most notable feature is its low cost of living. The average rent for a 2 bedroom apartment in Cotton, OK County is only $800 as compared to the national average of $1,430. Additionally, the Grocery Cost Index in Cotton, OK County is 88 versus 100 in the US. This makes it a popular and affordable place to live for both locals and transplants.
The cotton industry has been very important to Cotton, OK County since its founding. Several large companies have been instrumental in helping to shape the culture of this small town, such as American Cotton Growers Denim mill, Panhandle Cotton Co-op gin and cotton seed crushing plant. Despite being rather small in size, it offers residents plenty of job opportunities due to its vibrant agricultural economy.
Cotton County has an unemployment rate of 3.4%. The US average is 6.0%.
Cotton County has seen the job market decrease by -1.5% over the last year. Future job growth over the next ten years is predicted to be 24.6%, which is lower than the US average of 33.5%.
Tax Rates for Cotton County
- The Sales Tax Rate for Cotton County is 8.9%. The US average is 7.3%.
- The Income Tax Rate for Cotton County 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 Cotton County
- The average income of a Cotton County resident is $28,584 a year. The US average is $37,638 a year.
- The Median household income of a Cotton County resident is $54,787 a year. The US average is $69,021 a year.