Oak Grove, LA is a small town situated in the north-east region of Louisiana. It has a population of around 3,000 people and offers a tranquil lifestyle with easy access to nearby larger cities like Monroe. Oak Grove provides its citizens with all essential amenities, making it an ideal location for families and retirees. The most notable aspect of the town is its affordability and the low cost of living; 2 bedroom rent in Oak Grove is approximately $740 per month whereas the US average is $1,430. Also, grocery cost index in Oak Grove is 89 as compared to 100 in the US.
The local businesses are mainly oriented towards groceries, hardware supplies and restaurants such as Pecanland Shopping Center, Milsap Grocery Co., and Pack's Store Grocery that help residents fulfill day-to-day needs. Other notable companies include A&A Automotive Services, Shreveport Mill Supply Company Inc., Tractor Supply Company etc., which provide employment opportunities for locals as well as visitors from nearby cities. All these factors combined make Oak Grove an attractive choice for people looking for affordable housing while enjoying modern conveniences at their doorstep.
Oak Grove has an unemployment rate of 6.9%. The US average is 6.0%.
Oak Grove has seen the job market decrease by -0.6% over the last year. Future job growth over the next ten years is predicted to be 18.1%, which is lower than the US average of 33.5%.
Tax Rates for Oak Grove
- The Sales Tax Rate for Oak Grove is 9.5%. The US average is 7.3%.
- The Income Tax Rate for Oak Grove 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 Oak Grove
- The average income of a Oak Grove resident is $20,837 a year. The US average is $37,638 a year.
- The Median household income of a Oak Grove resident is $26,953 a year. The US average is $69,021 a year.