Oklahoma State is an attractive destination for those looking for a lower cost of living without sacrificing quality. The average 2 bedroom rent in Oklahoma State is $930, compared to the US average of $1,430. Additionally, the Grocery Cost Index in Oklahoma State is 92 versus 100 in the US. This makes it significantly cheaper to shop for groceries.
Oklahoma State has plenty to offer residents besides economical advantages. The state is home to many large companies such as Sonic Drive-In, Chesapeake Energy Corporation, and Hobby Lobby. Moreover, there are many cultural and recreational activities available in Oklahoma State. From visiting the Philbrook Museum of Art or going on a nature trail at Oxley Nature Center to attending an OKC Energy FC soccer game and catching a show at Cain's Ballroom - there's something for everyone!
Oklahoma has an unemployment rate of 4.1%. The US average is 6.0%.
Oklahoma has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 28.9%, which is lower than the US average of 33.5%.
Tax Rates for Oklahoma
- The Sales Tax Rate for Oklahoma is 8.4%. The US average is 7.3%.
- The Income Tax Rate for Oklahoma 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 Oklahoma
- The average income of a Oklahoma resident is $24,695 a year. The US average is $28,555 a year.
- The Median household income of a Oklahoma resident is $56,956 a year. The US average is $69,021 a year.