Oak Hill, AL is a small town located in the southeastern region of Alabama. The cost of living there is significantly lower than the national average, with a two bedroom rent only costing $830 compared to the US average of $1,430. Additionally, Oak Hill's Grocery Cost Index sits at 92 compared to the US average of 100. This makes it an attractive option for those looking for affordability without sacrificing quality.
The town has several local businesses that make it unique such as B&L Furniture & Mattress Outlet which provides top quality furniture and mattresses at a great price. Oak Hill also boasts Magnolia Restaurant which serves up delicious southern-style cuisine and offers catering services for any type of event. Other local businesses include Oak Hill Barbershop and T&T Auto Repair who specialise in providing quality services for automobiles.
Oak Hill has an unemployment rate of 11.6%. The US average is 6.0%.
Oak Hill has seen the job market decrease by -2.6% over the last year. Future job growth over the next ten years is predicted to be 23.0%, which is lower than the US average of 33.5%.
Tax Rates for Oak Hill
- The Sales Tax Rate for Oak Hill is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Oak Hill is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Oak Hill
- The average income of a Oak Hill resident is $43,933 a year. The US average is $37,638 a year.
- The Median household income of a Oak Hill resident is $0 a year. The US average is $69,021 a year.