In addition to rent, groceries in Oakland Park are more expensive than most places with a grocery cost index at 106 versus 100 nationally. Despite this difference, Oakland Park remains an attractive destination as there are several local companies that can provide employment opportunities such as BankUnited, Fort Lauderdale Fire Rescue Department and Estee Lauder Companies Incorporated. The cost of living here is slightly higher than the national average but overall Oakland Park remains a desirable place to live with good job prospects and plenty of recreational activities to enjoy.
Oakland Park has an unemployment rate of 5.3%. The US average is 6.0%.
Oakland Park has seen the job market increase by 1.9% over the last year. Future job growth over the next ten years is predicted to be 38.0%, which is higher than the US average of 33.5%.
Tax Rates for Oakland Park
- The Sales Tax Rate for Oakland Park is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Oakland Park 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 Park
- The average income of a Oakland Park resident is $24,615 a year. The US average is $28,555 a year.
- The Median household income of a Oakland Park resident is $55,700 a year. The US average is $69,021 a year.