Zip 74631 (Blackwell, OK) Economy


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Blackwell, Oklahoma (74631) is a small rural town located in Kay County. This friendly community offers its residents an affordable cost of living. The average rent for a 2 bedroom home is $640 per month, significantly lower than the US average of $1,430. In addition, the Grocery Cost Index in Blackwell is 88 versus 100 in the US, making groceries more affordable here as well. Local businesses provide many amenities and services to the people of Blackwell. Some establishments include Hometown Groceries which offers excellent quality foods at competitive prices, and Blackwell Home Furnishings which stocks quality furniture at reasonable prices. There are also several restaurants in town such as Pizza Palace and Country Café that provide delicious meals at great value prices. With low rent and groceries costs combined with local businesses that offer competitive prices, it’s no wonder why so many people choose to call Blackwell home!

Blackwell (zip 74631) has an unemployment rate of 4.5%. The US average is 6.0%.

Blackwell (zip 74631) has seen the job market decrease by -2.5% over the last year. Future job growth over the next ten years is predicted to be 22.4%, which is lower than the US average of 33.5%.

Tax Rates for Blackwell (zip 74631)
- The Sales Tax Rate for Blackwell (zip 74631) is 10.2%. The US average is 7.3%.
- The Income Tax Rate for Blackwell (zip 74631) 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 Blackwell (zip 74631)
- The average income of a Blackwell (zip 74631) resident is $23,725 a year. The US average is $37,638 a year.
- The Median household income of a Blackwell (zip 74631) resident is $47,500 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyBlackwell, OklahomaUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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