Zip 74016 (Chelsea, OK) Economy


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Chelsea, Oklahoma is a peaceful town with a population of just over 900. It's a great place for those who want to enjoy the beauty of rural life while having access to modern amenities. The average two-bedroom rent in Chelsea is $830, much lower than the US average of $1,430. Prices generally stay low in this town – the Grocery Cost Index here is 92 versus 100 in the US!
The town boasts some great companies such as Choice Mechanical Contractors Inc., All Things Automotive, and Mt View Ranch Horseback Riding. They also offer plenty of attractions for visitors and locals alike, such as Cedar Creek Golf Course, Cimarron National Grassland, Boiling Springs State Park and Surrey Hills Golf Course. No matter what type of outdoor activity you enjoy, Chelsea has something to offer.

Chelsea (zip 74016) has an unemployment rate of 3.7%. The US average is 6.0%.

Chelsea (zip 74016) has seen the job market increase by 2.6% over the last year. Future job growth over the next ten years is predicted to be 32.0%, which is lower than the US average of 33.5%.

Tax Rates for Chelsea (zip 74016)
- The Sales Tax Rate for Chelsea (zip 74016) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Chelsea (zip 74016) 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 Chelsea (zip 74016)
- The average income of a Chelsea (zip 74016) resident is $21,218 a year. The US average is $28,555 a year.
- The Median household income of a Chelsea (zip 74016) resident is $53,684 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyChelsea, OklahomaUnited States
  3.76
  -3.8%-6.2%
  32.0%33.5%
  5.3%6.2%
  5.0%4.6%
  $24,049$37,638
  $53,684$69,021
  $55,854$85,028
  Population by Occupation
  3.3%1.2%
  1.3%0.5%
  13.0%6.8%
  17.5%10.0%
  2.0%2.5%
  10.1%11.0%
  4.1%4.8%
  2.4%0.8%
  1.3%1.9%
  3.7%4.7%
  0.3%1.9%
  1.8%7.6%
  0.0%0.1%
  4.3%4.2%
  5.4%9.3%
  12.2%14.0%
  0.7%2.1%
  4.7%7.0%
  6.9%4.8%
  5.2%4.7%
Health