Cromwell, OK has a population of 74837 people and is located in Oklahoma County. It is known for its low cost of living: 2 bedroom rent averages $710 per month, which is much lower than the US average of $1,430. Grocery costs are also relatively low with an index of 88 compared to the national average of 100. The local economy is mainly driven by the agriculture sector along with locally owned businesses such as Cromwell Hardware, GM Engineering, and Environmental Solutions. The unemployment rate stands at 3.7%, below the US rate of 4%, indicating healthy economic conditions in the area.
Cromwell (zip 74837) has an unemployment rate of 5.0%. The US average is 6.0%.
Cromwell (zip 74837) 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 23.9%, which is lower than the US average of 33.5%.
Tax Rates for Cromwell (zip 74837)
- The Sales Tax Rate for Cromwell (zip 74837) is 8.8%. The US average is 7.3%.
- The Income Tax Rate for Cromwell (zip 74837) 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 Cromwell (zip 74837)
- The average income of a Cromwell (zip 74837) resident is $17,407 a year. The US average is $28,555 a year.
- The Median household income of a Cromwell (zip 74837) resident is $50,938 a year. The US average is $69,021 a year.