Oakland, IL is a small but vibrant town situated about 90 miles southwest from Chicago. The cost of living in Oakland is quite affordable, with a 2 Bedroom rent of only $790 compared to the US average of $1,430. In addition, the Grocery Cost Index in Oakland comes in at 92 versus 100 for the US as a whole. With its close proximity to Chicago and attractive cost of living options, Oakland is an ideal place for families and young professionals. There are numerous local companies located throughout Oakland such as: Auto Zone, Burger King and Circle K which provide ample job opportunities for its residents. Furthermore, the city offers many recreational activities such as parks, golf courses and shopping centers which makes Oakland an ideal place to live or visit. Overall, Oakland is an attractive option for those looking for an affordable place to live with easy access to Chicago.
Oakland has an unemployment rate of 5.6%. The US average is 6.0%.
Oakland has seen the job market increase by 1.9% over the last year. Future job growth over the next ten years is predicted to be 33.3%, which is lower than the US average of 33.5%.
Tax Rates for Oakland
- The Sales Tax Rate for Oakland is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Oakland 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 Oakland
- The average income of a Oakland resident is $24,096 a year. The US average is $28,555 a year.
- The Median household income of a Oakland resident is $45,694 a year. The US average is $69,021 a year.