Oakwood, OK Economy

Oakwood, OK is a small city in Oklahoma with a population of about 1,200 people. The cost of living in Oakwood is much lower than the national average. With an average 2 bedroom rent of $700 and grocery cost index of 91 versus 100 in the US, many people are able to afford to live comfortably here. It's also home to several local companies such as Sarah's Diner, Oakwood Banking and Trust, and Grace's Automotive Repair.