Oakland, MD is a charming and vibrant city in the state of Maryland. It has a population of about 4,000 people, making it small but lively. Rent for two bedrooms is about $820, which is significantly lower than the US average of $1,430 for two bedrooms. The Grocery Cost Index in Oakland is 100, which is equal to the US average index of 100. Oakland is a great place to live for those looking for affordability while still enjoying the convenience and amenities of a city center. Local companies include Evergreen Heritage Center, Mountain State Brewing Company, Hilltop Creamery and Garrett County Arts Council; all providing unique services to Oakland's residents that can't be found elsewhere. As such, Oakland residents are able to save money while enjoying exceptional local businesses compared to other cities in the region.
Oakland has an unemployment rate of 5.9%. The US average is 6.0%.
Oakland has seen the job market decrease by -1.6% over the last year. Future job growth over the next ten years is predicted to be 20.4%, which is lower than the US average of 33.5%.
Tax Rates for Oakland
- The Sales Tax Rate for Oakland is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Oakland is 7.4%. 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 $24,347 a year. The US average is $28,555 a year.
- The Median household income of a Oakland resident is $59,250 a year. The US average is $69,021 a year.