Elk City, OK is a great place to live, with an estimated population of 10,877 people. The average 2 Bedroom rent in Elk City is $790 compared to the US average of $1,430, making it a much more affordable alternative for those looking to relocate. Similarly, the Grocery Cost Index in Elk City is 93 versus 100 in the US, providing quality groceries at a lower cost than many other places in the country. There are many local companies that add to the character of Elk City such as Landmark Hotel & Hospitality Management LLC and Tekoa Oilfield Services; both with offices based out of Elk City. With its low cost of living and vibrant local businesses, Elk City is an attractive option for those looking for somewhere new to call home.
Elk City (zip 73644) has an unemployment rate of 5.0%. The US average is 6.0%.
Elk City (zip 73644) has seen the job market decrease by -8.3% over the last year. Future job growth over the next ten years is predicted to be 19.8%, which is lower than the US average of 33.5%.
Tax Rates for Elk City (zip 73644)
- The Sales Tax Rate for Elk City (zip 73644) is 9.3%. The US average is 7.3%.
- The Income Tax Rate for Elk City (zip 73644) 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 Elk City (zip 73644)
- The average income of a Elk City (zip 73644) resident is $27,774 a year. The US average is $37,638 a year.
- The Median household income of a Elk City (zip 73644) resident is $50,473 a year. The US average is $69,021 a year.