Oakton, VA is an affluent community located in Fairfax County. The area is known for its high cost of living, with a 2 bedroom rent averaging $2,150 compared to the US average of $1,430. Also, the grocery cost index in Oakton is 116 versus the national average of 100. This makes it difficult for families to live in the area on a budget. Despite this, there are many local businesses that make up the community and offer excellent services such as O'Malley Real Estate, Stokes Insurance Group, and Oakton Dental Care. Overall, Oakton is a beautiful suburb that offers plenty of amenities to its residents but at a higher price than most other places in the United States.
Oakton has an unemployment rate of 4.6%. The US average is 6.0%.
Oakton has seen the job market increase by 2.0% over the last year. Future job growth over the next ten years is predicted to be 36.7%, which is higher than the US average of 33.5%.
Tax Rates for Oakton
- The Sales Tax Rate for Oakton is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Oakton is 5.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Oakton
- The average income of a Oakton resident is $55,333 a year. The US average is $28,555 a year.
- The Median household income of a Oakton resident is $145,064 a year. The US average is $69,021 a year.