Zip 74463 (Taft, OK) Economy


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The small town of Taft, OK has an estimated population of 744 according to the 2010 census. It is a quaint town with many local businesses to explore. The 2 Bedroom Rent in Taft is approximately $650 per month, which is significantly lower than the US average of $1,430 per month. In addition, the Grocery Cost Index in Taft is 92 compared to the US average of 100 making groceries more affordable here as well. There are a variety of stores in the area including Pugh's Grocers where you can find everyday essentials and enjoy lunch specials for around $10; D&J Auto Parts & Repair shop for those who need auto repairs; and the Neighborly Home Care Center that offers home care services at competitive rates. These local companies offer good quality services and products at a fraction of the cost you would find in more populated areas.

Taft (zip 74463) has an unemployment rate of 4.7%. The US average is 6.0%.

Taft (zip 74463) has seen the job market decrease by -3.0% over the last year. Future job growth over the next ten years is predicted to be 23.9%, which is lower than the US average of 33.5%.

Tax Rates for Taft (zip 74463)
- The Sales Tax Rate for Taft (zip 74463) is 9.2%. The US average is 7.3%.
- The Income Tax Rate for Taft (zip 74463) 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 Taft (zip 74463)
- The average income of a Taft (zip 74463) resident is $3,703 a year. The US average is $37,638 a year.
- The Median household income of a Taft (zip 74463) resident is $30,764 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyTaft, OklahomaUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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