74574 Tuskahoma, OK is an idyllic rural community nestled in the foothills of the Ouachita Mountains. The average two bedroom rent for the area stands at $780, which is significantly lower than the national average of $1,430. This makes it a great option for those looking to save money on rent. On top of this, Tuskahoma boasts a Grocery Cost Index of 92 compared to the US average of 100, making groceries in the area quite affordable.
The local economy is mainly based on agriculture and small businesses. There are several family-owned farms and businesses in Tuskahoma such as Colcord Creek Farm, Savanna’s Quilt & Design Shop, Grandview Ranch LLC and Odom Tree Service. All these companies offer quality products and services at competitive prices that make them popular among locals in the community.
Tuskahoma (zip 74574) has an unemployment rate of 5.3%. The US average is 6.0%.
Tuskahoma (zip 74574) has seen the job market increase by 2.5% over the last year. Future job growth over the next ten years is predicted to be 11.2%, which is lower than the US average of 33.5%.
Tax Rates for Tuskahoma (zip 74574)
- The Sales Tax Rate for Tuskahoma (zip 74574) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Tuskahoma (zip 74574) 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 Tuskahoma (zip 74574)
- The average income of a Tuskahoma (zip 74574) resident is $22,428 a year. The US average is $37,638 a year.
- The Median household income of a Tuskahoma (zip 74574) resident is $34,833 a year. The US average is $69,021 a year.