Lone Oak, Georgia is a great place to live for those looking for affordability while still enjoying the amenities of city living. The average rent for a two bedroom apartment in Lone Oak is $1,290 compared to the national average of $1,430, making it more affordable for residents. In addition, the Grocery Cost Index in Lone Oak is 94 versus 100 in the US, making groceries even more affordable. This small city offers a variety of local restaurants and retail stores as well as natural attractions such as local parks and lakes. There are also several local businesses that provide excellent service and products, such as City Store Supplies, M&M Automotive Services and Lone Oak Dental Care.
Lone Oak has an unemployment rate of 5.6%. The US average is 6.0%.
Lone Oak has seen the job market decrease by -5.0% over the last year. Future job growth over the next ten years is predicted to be 41.5%, which is higher than the US average of 33.5%.
Tax Rates for Lone Oak
- The Sales Tax Rate for Lone Oak is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Lone Oak is 6.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Lone Oak
- The average income of a Lone Oak resident is $29,608 a year. The US average is $37,638 a year.
- The Median household income of a Lone Oak resident is $0 a year. The US average is $69,021 a year.