Oakland, OK Economy


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United States / Oklahoma / No Metro Area / Marshall County / Oakland / Zip Codes
Oakland, OK is a small town located in Oklahoma. It has an estimated population of 1,767 and is known for its quiet charm. It is a great place to live as the cost of living is very affordable with a 2 bedroom rent costing only $800 compared to the US average of $1,430. Grocery costs are also very economical here with an index score of 92 versus 100 in the US. The town has small local companies that offer goods and services such as Smith's Hardware Store offering home improvement items, Maki's Bakery providing freshly baked breads and desserts, and Livingston's Plumbing offering plumbing services. Oakland, OK provides a great quality of life at an incredibly affordable price.

Oakland has an unemployment rate of 4.0%. The US average is 6.0%.

Oakland has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 19.4%, which is lower than the US average of 33.5%.

Tax Rates for Oakland
- The Sales Tax Rate for Oakland is 9.5%. The US average is 7.3%.
- The Income Tax Rate for Oakland is 5.0%. 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 $16,235 a year. The US average is $28,555 a year.
- The Median household income of a Oakland resident is $51,544 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyOakland, OklahomaUnited States
  46
  -3.9%-6.2%
  19.4%33.5%
  6.5%6.2%
  5.0%4.6%
  $18,190$37,638
  $51,544$69,021
  $52,500$85,028
  Population by Occupation
  0.8%1.2%
  0.6%0.5%
  9.4%6.8%
  28.5%10.0%
  0.4%2.5%
  12.6%11.0%
  6.1%4.8%
  2.4%0.8%
  0.0%1.9%
  3.5%4.7%
  0.4%1.9%
  2.2%7.6%
  0.0%0.1%
  0.8%4.2%
  7.5%9.3%
  7.7%14.0%
  0.4%2.1%
  12.6%7.0%
  2.0%4.8%
  1.8%4.7%
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