Wellston, OK is a small town located in Lincoln County with a population of just over 800 people. It provides locals with a peaceful and friendly environment to live in. The average two bedroom rent in Wellston is $840 which is significantly lower than the United States average of $1,430. Additionally, the Grocery Cost Index for Wellston is 92, which is 8 points lower than the US index of 100. This means that groceries tend to be relatively cheaper than most other areas throughout the country.
Wellston is home to a variety of local businesses such as D&D Foods and BBQ, a family-owned restaurant that serves delicious barbeque dishes; Country Corner Convenience Store, which offers convenience items and snacks; and Taylor’s Automotive Repair & Paint Shop, an auto repair shop that provides quality service at reasonable rates. With its low cost of living and abundance of local businesses, Wellston makes an excellent place for anyone looking to move away from the hustle and bustle of big cities without sacrificing amenities.
Wellston (zip 74881) has an unemployment rate of 3.6%. The US average is 6.0%.
Wellston (zip 74881) has seen the job market decrease by -2.8% over the last year. Future job growth over the next ten years is predicted to be 29.6%, which is lower than the US average of 33.5%.
Tax Rates for Wellston (zip 74881)
- The Sales Tax Rate for Wellston (zip 74881) is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Wellston (zip 74881) 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 Wellston (zip 74881)
- The average income of a Wellston (zip 74881) resident is $26,417 a year. The US average is $37,638 a year.
- The Median household income of a Wellston (zip 74881) resident is $51,545 a year. The US average is $69,021 a year.