Nowata, OK, with a population of 7,040, is an economically diverse city in Oklahoma. The average 2-bedroom rent in Nowata is $1,010, which is $420 less than the US average. Groceries are also more affordable here as the grocery cost index for Nowata is 92 compared to 100 in the US. Local industries in Nowata include oil and gas production, manufacturing, healthcare services, as well as retail and hospitality. Major employers include Nowata County Hospital Corporation, A & M Millwork Inc., SMP Manufacturing LLC., H-Cat Industries Inc., and Epic Charter School System. The local government also plays an important role in supporting the economy by providing quality infrastructure to businesses and residents alike. All these factors combined make Nowata a great place to live and work.
Nowata (zip 74048) has an unemployment rate of 3.8%. The US average is 6.0%.
Nowata (zip 74048) has seen the job market decrease by -0.5% over the last year. Future job growth over the next ten years is predicted to be 16.8%, which is lower than the US average of 33.5%.
Tax Rates for Nowata (zip 74048)
- The Sales Tax Rate for Nowata (zip 74048) is 9.5%. The US average is 7.3%.
- The Income Tax Rate for Nowata (zip 74048) 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 Nowata (zip 74048)
- The average income of a Nowata (zip 74048) resident is $26,021 a year. The US average is $37,638 a year.
- The Median household income of a Nowata (zip 74048) resident is $45,452 a year. The US average is $69,021 a year.