Oakvale, WV is a small town with a population of around 12,000 people. It is known for its affordable rent and cost of living thanks to a 2 Bedroom Rent rate of $760 compared to the US average of $1,430. Additionally, grocery costs are just 94 on the Grocery Cost Index versus the US average of 100. Local companies in Oakvale include Black Bear Mining, Brush Fork Automotive, and Barbour Valley Farms. These businesses provide jobs for many residents living in this quaint town amid rolling hills of West Virginia's Appalachian Mountains region.
Oakvale has an unemployment rate of 7.0%. The US average is 6.0%.
Oakvale has seen the job market decrease by -0.4% over the last year. Future job growth over the next ten years is predicted to be 17.9%, which is lower than the US average of 33.5%.
Tax Rates for Oakvale
- The Sales Tax Rate for Oakvale is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Oakvale is 6.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Oakvale
- The average income of a Oakvale resident is $23,402 a year. The US average is $28,555 a year.
- The Median household income of a Oakvale resident is $24,241 a year. The US average is $69,021 a year.