Zip 74820 (Ada, OK) Economy


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74820 Ada, OK is a small city located in Pontotoc County. It has an estimated population of 17,125 according to the 2019 US Census Bureau. The median 2-bedroom rent in Ada is $690 whereas the median 2-bedroom rent in the US is $1,430. There are many local businesses in Ada and some of these include Valero Convenience Store, Walmart Supercenter, Waddell & Reed Financial Advisors, Velocity Urgent Care, and Sonic Drive-In. Compared to the national average of 100 for Grocery Cost Index (GCI), Ada's GCI is 92 which makes it 8 percent cheaper than other cities with similar population sizes in this regard.

Ada (zip 74820) has an unemployment rate of 3.8%. The US average is 6.0%.

Ada (zip 74820) has seen the job market decrease by -0.5% over the last year. Future job growth over the next ten years is predicted to be 29.8%, which is lower than the US average of 33.5%.

Tax Rates for Ada (zip 74820)
- The Sales Tax Rate for Ada (zip 74820) is 8.8%. The US average is 7.3%.
- The Income Tax Rate for Ada (zip 74820) 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 Ada (zip 74820)
- The average income of a Ada (zip 74820) resident is $28,385 a year. The US average is $37,638 a year.
- The Median household income of a Ada (zip 74820) resident is $55,504 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyAda, OklahomaUnited States
  3.86
  -0.2%-6.2%
  29.8%33.5%
  9.4%6.2%
  5.0%4.6%
  $28,385$37,638
  $55,504$69,021
  $74,325$85,028
  Population by Occupation
  0.9%1.2%
  1.7%0.5%
  7.5%6.8%
  8.2%10.0%
  2.5%2.5%
  10.6%11.0%
  2.2%4.8%
  1.5%0.8%
  1.0%1.9%
  2.6%4.7%
  1.5%1.9%
  4.6%7.6%
  0.0%0.1%
  4.0%4.2%
  11.0%9.3%
  19.0%14.0%
  2.0%2.1%
  4.4%7.0%
  3.8%4.8%
  11.1%4.7%
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