Oakman, AL is a small town located in Walker County. With a population of just under 1000 residents, Oakman offers its inhabitants an affordable cost of living. The average 2 bedroom rent is $940 per month, significantly cheaper than the US average of $1,430. Similarly, the Grocery Cost Index in Oakman is 92 versus 100 nationwide. Local companies include Tim's Café, Cleveland Pawn & Jewelry and Quality Tile & Flooring LLC. All in all, Oakman provides low rental rates and grocery prices that make it ideal for anyone looking for an affordable place to live with small-town charm.
Oakman has an unemployment rate of 3.3%. The US average is 6.0%.
Oakman has seen the job market decrease by -3.6% over the last year. Future job growth over the next ten years is predicted to be 29.0%, which is lower than the US average of 33.5%.
Tax Rates for Oakman
- The Sales Tax Rate for Oakman is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Oakman 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 Oakman
- The average income of a Oakman resident is $18,355 a year. The US average is $37,638 a year.
- The Median household income of a Oakman resident is $21,753 a year. The US average is $69,021 a year.