Altus, OK Metro Area is known for its affordable living. The average 2 Bedroom Rent in Altus is $800 which is significantly lower than the US average of $1,430. There are a variety of local businesses in this area such as Western Oklahoma State College and Altus Air Force Base, offering employment opportunities to locals. Local food markets also provide goods at a cheaper rate compared to other places. Grocery Cost Index in Altus stands at 87 compared to the US national average of 100. This makes it an even more attractive option for those seeking low-cost living options.
Altus Metro Area has an unemployment rate of 3.0%. The US average is 6.0%.
Altus Metro Area has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 24.9%, which is lower than the US average of 33.5%.
Tax Rates for Altus Metro Area
- The Sales Tax Rate for Altus Metro Area is 8.1%. The US average is 7.3%.
- The Income Tax Rate for Altus Metro Area 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 Altus Metro Area
- The average income of a Altus Metro Area resident is $28,091 a year. The US average is $37,638 a year.
- The Median household income of a Altus Metro Area resident is $55,551 a year. The US average is $69,021 a year.