Zip 73538 (Elgin, OK) Economy


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73538 Elgin, OK is an affordable place to live, as 2 bedroom rent is only $1,200 compared to the US average of $1,430. In addition to this cost-saving advantage, 73538 also features a Grocery Cost Index of 95 versus 100 in the US. This charming small town has plenty to offer its residents, from outdoor parks and recreation areas such as Elgin Memorial Park and Riverside Golf Course, to local businesses like Langston’s Western Wear and The Country Store. Residents of 73538 can enjoy these attractions without having to break the bank on housing costs.

Elgin (zip 73538) has an unemployment rate of 3.9%. The US average is 6.0%.

Elgin (zip 73538) has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 23.1%, which is lower than the US average of 33.5%.

Tax Rates for Elgin (zip 73538)
- The Sales Tax Rate for Elgin (zip 73538) is 4.9%. The US average is 7.3%.
- The Income Tax Rate for Elgin (zip 73538) 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 Elgin (zip 73538)
- The average income of a Elgin (zip 73538) resident is $30,927 a year. The US average is $28,555 a year.
- The Median household income of a Elgin (zip 73538) resident is $75,056 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyElgin, OklahomaUnited States
  3.96
  -3.1%-6.2%
  23.1%33.5%
  4.9%6.2%
  5.0%4.6%
  $30,114$37,638
  $75,056$69,021
  $83,785$85,028
  Population by Occupation
  2.9%1.2%
  0.0%0.5%
  6.3%6.8%
  6.4%10.0%
  0.8%2.5%
  9.8%11.0%
  3.7%4.8%
  0.9%0.8%
  2.3%1.9%
  1.4%4.7%
  2.9%1.9%
  6.3%7.6%
  0.0%0.1%
  2.8%4.2%
  15.0%9.3%
  12.8%14.0%
  2.5%2.1%
  3.7%7.0%
  6.1%4.8%
  13.4%4.7%
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