Oakland City, IN is a great place to live with its vibrant city life and low cost of living. The two bedroom rent in Oakland City is $1,080 compared to the US average of $1,430. Additionally, the grocery cost index in Oakland City is 90 versus 100 in the US, further reinforcing that Oakland City provides an affordable option for those looking for a place to settle down. The city also offers a wide variety of local businesses for residents to shop at such as the Cobbler Shoppe and Simpson's Hardware Store. Both stores provide quality goods at competitive prices making it easy for locals to find what they need without breaking the bank. All in all, Oakland City provides a great combination of amenities and affordability that make it an ideal place to call home.
Oakland City has an unemployment rate of 3.4%. The US average is 6.0%.
Oakland City has seen the job market increase by 2.2% over the last year. Future job growth over the next ten years is predicted to be 34.2%, which is higher than the US average of 33.5%.
Tax Rates for Oakland City
- The Sales Tax Rate for Oakland City is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Oakland City is 3.7%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Oakland City
- The average income of a Oakland City resident is $17,393 a year. The US average is $28,555 a year.
- The Median household income of a Oakland City resident is $44,034 a year. The US average is $69,021 a year.