Oakley, MI Economy


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equestId":"9060d471-5caf-410b-8624-1d36e946f5ff","resource":"content","data":[{"id":"txt_6b573c5c02764ee4bcbcb196bf4c890c","text":" or attractions.\n \nOakley, MI is a small town located in Saginaw County with a population of approximately 1,600 people. It is known as an affordable place to live, with the average 2-bedroom rent being $1,030 compared to the US average of $1,430. The cost of groceries in Oakley is also lower than the national average, at 92 versus 100 in the US. There are several local companies and attractions in Oakley including the Davis automotive shop, which has been providing quality car repair services for over 50 years and A&J Farms which offers fresh produce and homemade goods. Additionally, Oakley is home to several parks and trails perfect for outdoor activities such as walking or biking.

Oakley has an unemployment rate of 6.8%. The US average is 6.0%.

Oakley has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 22.3%, which is lower than the US average of 33.5%.

Tax Rates for Oakley
- The Sales Tax Rate for Oakley is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Oakley is 4.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Oakley
- The average income of a Oakley resident is $19,517 a year. The US average is $37,638 a year.
- The Median household income of a Oakley resident is $39,643 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyOakley, MichiganUnited States
  6.86
  -7.7%-6.2%
  22.3%33.5%
  6.0%6.2%
  4.3%4.6%
  $19,517$37,638
  $39,643$69,021
  $46,250$85,028
  Population by Occupation
  0.9%1.2%
  0.0%0.5%
  6.5%6.8%
  18.5%10.0%
  2.8%2.5%
  17.6%11.0%
  8.3%4.8%
  1.9%0.8%
  8.3%1.9%
  0.0%4.7%
  0.0%1.9%
  4.6%7.6%
  0.0%0.1%
  7.4%4.2%
  0.9%9.3%
  13.0%14.0%
  0.0%2.1%
  4.6%7.0%
  4.6%4.8%
  0.0%4.7%
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