Broken Arrow, OK (74012) is an excellent place for those looking for an affordable cost of living. At a two bedroom rent of $1,080 compared to the US average of $1,430, Broken Arrow offers a much more economical option. Grocery costs in Broken Arrow are also much cheaper than the US average with a grocery cost index of 97 compared to 100 in the US. The city is home to several local businesses such as First United Bank and Trust Company, Saint Francis Health System, and Bama Companies Inc., which provide employment opportunities for residents. In terms of housing prices and cost of living, Broken Arrow is clearly an attractive option compared to the rest of the country.
Broken Arrow (zip 74012) has an unemployment rate of 3.6%. The US average is 6.0%.
Broken Arrow (zip 74012) has seen the job market increase by 2.7% over the last year. Future job growth over the next ten years is predicted to be 32.2%, which is lower than the US average of 33.5%.
Tax Rates for Broken Arrow (zip 74012)
- The Sales Tax Rate for Broken Arrow (zip 74012) is 8.4%. The US average is 7.3%.
- The Income Tax Rate for Broken Arrow (zip 74012) 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 Broken Arrow (zip 74012)
- The average income of a Broken Arrow (zip 74012) resident is $28,920 a year. The US average is $28,555 a year.
- The Median household income of a Broken Arrow (zip 74012) resident is $72,941 a year. The US average is $69,021 a year.