Oak, KS is a small town located in the Midwest of America. Although it is small, it has many businesses that contribute to its local economy. Companies such as Oak City Brewery, Oak Grocery Store, and Oak Hardware provide jobs and help to keep the economy thriving. The cost of living in Oak is lower than the national average; 2 bedroom rent is about $690 compared to $1,430 nationally and the grocery cost index is 87 versus 100 in the US. Therefore, Oak is an attractive location for people looking for an affordable place to live. In conclusion, Oak, KS offers its citizens a unique sense of community with many opportunities for employment at local businesses.
Oak has an unemployment rate of 2.1%. The US average is 6.0%.
Oak has seen the job market decrease by -0.8% over the last year. Future job growth over the next ten years is predicted to be 15.1%, which is lower than the US average of 33.5%.
Tax Rates for Oak
- The Sales Tax Rate for Oak is 8.5%. The US average is 7.3%.
- The Income Tax Rate for Oak is 5.7%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Oak
- The average income of a Oak resident is $22,005 a year. The US average is $28,555 a year.
- The Median household income of a Oak resident is $37,143 a year. The US average is $69,021 a year.