Lone Oak, MO is a small town located just outside of Paducah, Kentucky. It is known for its affordability and friendly atmosphere. Rent for a two bedroom apartment in Lone Oak, MO is much lower than the US average at only $770, making it a great option for those looking to start their lives on a budget. The grocery cost index is also lower than the national average at 94 versus 100 in the US, making it an economical place to live. The town has several local businesses including Lone Oak Antiques & Flea Market, Paducah Vintage Mall, and Paducah Auto Supply. All offer products and services tailored to this small community's needs.
Lone Oak has an unemployment rate of 4.3%. The US average is 6.0%.
Lone Oak has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 28.8%, which is lower than the US average of 33.5%.
Tax Rates for Lone Oak
- The Sales Tax Rate for Lone Oak is 7.9%. The US average is 7.3%.
- The Income Tax Rate for Lone Oak is 5.9%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Lone Oak
- The average income of a Lone Oak resident is $36,631 a year. The US average is $28,555 a year.
- The Median household income of a Lone Oak resident is $123,750 a year. The US average is $69,021 a year.