Faxon, OK is an excellent place to live with a great local economy. The 2 bedroom rent in Faxon is $850, which is much lower than the US average of $1430. Additionally, the grocery cost index in Faxon is 90 compared to 100 in the US.
Residents of Faxon enjoy small-town living while still having access to many amenities. There are several local businesses including B&C Tire & Auto Service, Ray's Automotive Repair, and D&D City Market for groceries and supplies. There are also plenty of restaurants such as Amie's Grill & Bakery, Pizza House, and Mexican Express. For entertainment, residents can visit Quail Oaks Golf Course or catch a game at Faxon High School's baseball field.
Faxon (zip 73540) has an unemployment rate of 3.9%. The US average is 6.0%.
Faxon (zip 73540) has seen the job market decrease by -3.1% 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 Faxon (zip 73540)
- The Sales Tax Rate for Faxon (zip 73540) is 4.9%. The US average is 7.3%.
- The Income Tax Rate for Faxon (zip 73540) 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 Faxon (zip 73540)
- The average income of a Faxon (zip 73540) resident is $33,900 a year. The US average is $37,638 a year.
- The Median household income of a Faxon (zip 73540) resident is $73,333 a year. The US average is $69,021 a year.