Oakville, ND is a small rural community nestled in the heart of North Dakota. It is an ideal location for those looking to escape the hustle and bustle of city life, with its peaceful atmosphere and friendly locals. Residents of Oakville can benefit from relatively affordable rent prices, with 2 Bedroom rentals costing only $850 compared to the US average of $1,430. This affordability is further complemented by a lower cost index for groceries than the national average. The local economy is sustained by various local companies such as Oakville Grain Elevator Inc., K&K Industries Inc., and SDT Trucking LLC. All these businesses provide employment opportunities to local residents while contributing to the growth and development of the town.
Oakville has an unemployment rate of 4.0%. The US average is 6.0%.
Oakville has seen the job market decrease by -1.4% over the last year. Future job growth over the next ten years is predicted to be 33.1%, which is lower than the US average of 33.5%.
Tax Rates for Oakville
- The Sales Tax Rate for Oakville is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Oakville is 2.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Oakville
- The average income of a Oakville resident is $43,998 a year. The US average is $28,555 a year.
- The Median household income of a Oakville resident is $41,917 a year. The US average is $69,021 a year.