Oakland, KY is a small town located in the beautiful state of Kentucky. It is a great place to live offering its citizens many local businesses such as: Oakland Pharmacy, Southern Roots Salon & Spa, Oakland Hardware Store, and Hatfield's Restaurant. The cost of living in Oakland is quite reasonable with the average 2 bedroom rent costing $910 per month and the US Grocery Cost Index at 97 compared to 100 nationwide. This makes Oakland an affordable and appealing place to live for those looking to get away from the hustle and bustle of larger cities while still enjoying all of the amenities a small town has to offer.
Oakland has an unemployment rate of 4.5%. The US average is 6.0%.
Oakland has seen the job market increase by 2.6% over the last year. Future job growth over the next ten years is predicted to be 45.9%, which is higher than the US average of 33.5%.
Tax Rates for Oakland
- The Sales Tax Rate for Oakland is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Oakland is 7.3%. 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 $24,366 a year. The US average is $28,555 a year.
- The Median household income of a Oakland resident is $38,393 a year. The US average is $69,021 a year.