Oak Valley, TX is a great place to live due to its affordability. The 2 bedroom rent in Oak Valley is significantly lower than the national average; at $910 compared to $1,430. This makes Oak Valley an ideal option for those seeking affordable housing. Additionally, the grocery cost index in Oak Valley is 94 compared to 100 in the US, further highlighting the city’s affordability. The local economy is supported by companies such as Oak Valley Pharmacy Co., King Electric Co., and Crossfit Miramont. Despite its affordability, Oak Valley still offers all of the amenities one needs with a low cost of living.
Oak Valley has an unemployment rate of 6.9%. The US average is 6.0%.
Oak Valley has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 26.3%, which is lower than the US average of 33.5%.
Tax Rates for Oak Valley
- The Sales Tax Rate for Oak Valley is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Oak Valley 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 Oak Valley
- The average income of a Oak Valley resident is $23,908 a year. The US average is $28,555 a year.
- The Median household income of a Oak Valley resident is $63,333 a year. The US average is $69,021 a year.