Lone Oak, TX is a great place for those looking for an affordable lifestyle. It has an average two bedroom rent of $1,360 which is much lower than the US average of $1,430. Lone Oak also offers a below-average Grocery Cost Index of 94 versus 100 in the US. This city is ideal for families and outdoorsmen alike, with plenty of local companies and amenities available close by. There are numerous restaurants and shops in the downtown area, as well as recreational parks perfect for outdoor activities like fishing and camping. The moderate climate allows access to these activities most months of the year. With its unbeatable prices and close proximity to local amenities, Lone Oak should be at the top of anyone's list when considering a place to live.
Lone Oak has an unemployment rate of 6.5%. The US average is 6.0%.
Lone Oak has seen the job market increase by 3.2% over the last year. Future job growth over the next ten years is predicted to be 46.7%, which is higher than the US average of 33.5%.
Tax Rates for Lone Oak
- The Sales Tax Rate for Lone Oak is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Lone Oak is 0.0%. 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 $20,468 a year. The US average is $28,555 a year.
- The Median household income of a Lone Oak resident is $54,844 a year. The US average is $69,021 a year.