Oakland, TN is a charming town located in Fayette County, Tennessee. The cost of living is relatively inexpensive compared to the rest of the United States; for example, a two bedroom apartment will cost around $1,480 per month while the US average is only $1,430. Groceries are also slightly cheaper than the national average index – 99 compared to 100 in the US.
For those looking to cut costs, there are numerous local companies which can help with various living expenses. These include B&K Appliance & Mattress Center for discounted appliances and furniture, as well as CJ's And More Discount Grocery Store or Brothers Produce Market for discounted groceries.
Living in Oakland provides an affordable yet comfortable lifestyle. You can get out and enjoy nature by visiting nearby parks such as Walker Park or take advantage of the nearby shopping malls like Wolfchase Galleria and Carriage Crossings Shopping Center. There's plenty to do and see without breaking your budget!
Oakland has an unemployment rate of 4.9%. The US average is 6.0%.
Oakland has seen the job market increase by 2.0% over the last year. Future job growth over the next ten years is predicted to be 41.0%, which is higher than the US average of 33.5%.
Tax Rates for Oakland
- The Sales Tax Rate for Oakland is 9.3%. The US average is 7.3%.
- The Income Tax Rate for Oakland is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Oakland
- The average income of a Oakland resident is $32,194 a year. The US average is $28,555 a year.
- The Median household income of a Oakland resident is $78,125 a year. The US average is $69,021 a year.