Alva, OK is a small city located in the Northwest corner of Oklahoma. It offers many attractions and amenities to its residents. The cost of living is quite low compared to other cities in the US. The average 2 bedroom rent in Alva, OK is $760 which is significantly lower than the average of $1,430 for 2 bedrooms across the country. The Grocery Cost Index in Alva, OK is 92 compared to 100 for US averages. This means that groceries are much more affordable in this city compared to other places. Local companies in Alva include Empire Refinery Inc., Freeman Valves & Controls Inc., and Buehler Motors LLC, among others. There are many advantages to living in Alva with prices that are cheaper than most places around the US.
Alva has an unemployment rate of 2.2%. The US average is 6.0%.
Alva has seen the job market decrease by -1.0% over the last year. Future job growth over the next ten years is predicted to be 4.8%, which is lower than the US average of 33.5%.
Tax Rates for Alva
- The Sales Tax Rate for Alva is 9.3%. The US average is 7.3%.
- The Income Tax Rate for Alva 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 Alva
- The average income of a Alva resident is $27,254 a year. The US average is $37,638 a year.
- The Median household income of a Alva resident is $48,523 a year. The US average is $69,021 a year.