Zip 74531 (Calvin, OK) Economy


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United States / Oklahoma / No Metro Area / Hughes County / Calvin / Calvin (zip 74531)
74531 Calvin, Oklahoma is a small town located in the southeastern part of the state. It is home to less than 500 people and has a median income of just over $33,000. The cost of living is relatively low, with the average 2 bedroom rent only at $820 per month compared to the US average of $1,430. Grocery costs are also lower than average with an index rating of 92 versus 100 in the US. This makes it a great place for people looking to save money on everyday expenses.
Local businesses in 74531 Calvin, Oklahoma include Cattleman's Country Store and Feed Supply, Calvin Cafe & Pizza, and Headrick Auto Repair & Sales. Cattleman's Country Store offers feed and hay supplies as well as pet and animal food for local farmers and ranchers. Calvin Cafe & Pizza serves delicious Italian style pizzas, sandwiches and salads with catering options available for larger gatherings. Headrick Auto Repair & Sales provides full service auto repair services as well as quality used vehicles for sale. All three businesses are locally owned and operated and provide excellent service to their customers.

Calvin (zip 74531) has an unemployment rate of 5.5%. The US average is 6.0%.

Calvin (zip 74531) has seen the job market decrease by -1.6% over the last year. Future job growth over the next ten years is predicted to be 13.3%, which is lower than the US average of 33.5%.

Tax Rates for Calvin (zip 74531)
- The Sales Tax Rate for Calvin (zip 74531) is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Calvin (zip 74531) 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 Calvin (zip 74531)
- The average income of a Calvin (zip 74531) resident is $17,764 a year. The US average is $28,555 a year.
- The Median household income of a Calvin (zip 74531) resident is $38,750 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyCalvin, OklahomaUnited States
  5.56
  -1.7%-6.2%
  13.3%33.5%
  5.5%6.2%
  5.0%4.6%
  $20,894$37,638
  $38,750$69,021
  $52,875$85,028
  Population by Occupation
  10.4%1.2%
  5.0%0.5%
  14.3%6.8%
  5.4%10.0%
  0.0%2.5%
  2.7%11.0%
  9.7%4.8%
  0.0%0.8%
  0.0%1.9%
  3.1%4.7%
  0.0%1.9%
  1.9%7.6%
  0.0%0.1%
  1.5%4.2%
  3.5%9.3%
  15.1%14.0%
  0.0%2.1%
  10.0%7.0%
  0.8%4.8%
  16.6%4.7%
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