Oak Grove, AL is a small suburban town located in the heart of Alabama. With a population of just over 1,000 people, it is an ideal place for those seeking to escape city life and enjoy the benefits of living in a rural area. The 2 bedroom rent in Oak Grove is significantly lower than the US average at just $910 per month, making it an economical option for those looking to settle down. Living costs are even more affordable due to its Grocery Cost Index rating of 93 compared to 100 in the US.
The town has several local companies operating within its boundaries, including G&B Country Store which specializes in home goods, and Saba Auto Repair which provides automotive services. There's also Prestige Bail Bonds which offers bail bonds and assistance throughout the county. Additionally, there are several retail stores located nearby providing additional amenities to residents and visitors alike.
Oak Grove has an unemployment rate of 3.9%. The US average is 6.0%.
Oak Grove has seen the job market increase by 2.1% over the last year. Future job growth over the next ten years is predicted to be 27.5%, which is lower than the US average of 33.5%.
Tax Rates for Oak Grove
- The Sales Tax Rate for Oak Grove is 10.0%. The US average is 7.3%.
- The Income Tax Rate for Oak Grove 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 Oak Grove
- The average income of a Oak Grove resident is $17,909 a year. The US average is $28,555 a year.
- The Median household income of a Oak Grove resident is $51,711 a year. The US average is $69,021 a year.