Oak Bluffs, MA is a charming town located on Martha’s Vineyard Island. It has a laid-back atmosphere and access to stunning beaches and scenic hiking trails. The average rent for a two-bedroom apartment in Oak Bluffs is $2,800, which is nearly double the national average of $1,430. In addition, the cost of groceries in Oak Bluffs is higher than in other parts of America; its Grocery Cost Index stands at 113 versus the US average of 100.
In terms of businesses, Oak Bluffs has many restaurants offering fresh seafood dishes like The Lampost Restaurant & Pub, Offshore Ale Co., and Martha’s Vineyard Chowder Company. There are also plenty of gift shops for visitors to explore such as Beadniks, Island Puzzle Company, and Chez Bouquet Florist & Gift Shop. Visitors will find a range of activities available too including kayaking with Adventure Dave or exploring the Martha's Vineyard Campmeeting Association Historic District with Martha's Vineyard Historical Society.
Oak Bluffs has an unemployment rate of 10.1%. The US average is 6.0%.
Oak Bluffs has seen the job market increase by 3.6% over the last year. Future job growth over the next ten years is predicted to be 33.7%, which is higher than the US average of 33.5%.
Tax Rates for Oak Bluffs
- The Sales Tax Rate for Oak Bluffs is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Oak Bluffs is 5.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Oak Bluffs
- The average income of a Oak Bluffs resident is $31,955 a year. The US average is $28,555 a year.
- The Median household income of a Oak Bluffs resident is $94,545 a year. The US average is $69,021 a year.