Ringwood, OK (73768) is a small town in Major County with a population of around 700 people. The 2 bedroom rent in Ringwood is $850, which is approximately 41% lower than the national average of $1,430 for two bedroom rents. Grocery costs are also lower in Ringwood compared to the national index, with an index score of 94 compared to 100 nationally. Living expenses in Ringwood are affordable, making it an attractive option for those looking to live in a rural setting without breaking the bank.
This town has some local businesses that contribute to its economy such as Musgrove Construction Company, Musgrove Farms LLC., and PJT Enterprises LLC. These companies provide locals with services like construction and crop production. Additionally, there are some other amenities like a hardware store and a gas station located close by so that locals can access essentials easily.
In conclusion, Ringwood offers residents an affordable cost of living without having to move away from their hometown or compromise on essential needs. It's local businesses contribute to its economy while providing necessary services for locals.
Ringwood (zip 73768) has an unemployment rate of 3.3%. The US average is 6.0%.
Ringwood (zip 73768) has seen the job market decrease by -6.2% over the last year. Future job growth over the next ten years is predicted to be 15.9%, which is lower than the US average of 33.5%.
Tax Rates for Ringwood (zip 73768)
- The Sales Tax Rate for Ringwood (zip 73768) is 9.3%. The US average is 7.3%.
- The Income Tax Rate for Ringwood (zip 73768) 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 Ringwood (zip 73768)
- The average income of a Ringwood (zip 73768) resident is $29,673 a year. The US average is $37,638 a year.
- The Median household income of a Ringwood (zip 73768) resident is $58,563 a year. The US average is $69,021 a year.