Oakham, MA is a small town located in central Massachusetts. It has a thriving economy with many local businesses and attractions. Popular companies include Oakham Family Dentistry, Oakham Veterinary Clinic, and the Harding-Lewis Insurance Agency. Additionally, Oakham is home to several prominent tourist attractions including the Septic Museum of New England, the Thomas Nye Homestead Historic Site, and the Prospect Hill Orchard & Winery. Furthermore, Oakham's cost of living is slightly higher than the national average; two bedroom rent averages $1,560 per month while groceries are roughly 6 percent more expensive than elsewhere in the US.
Oakham has an unemployment rate of 6.5%. The US average is 6.0%.
Oakham has seen the job market decrease by -8.4% over the last year. Future job growth over the next ten years is predicted to be 38.5%, which is higher than the US average of 33.5%.
Tax Rates for Oakham
- The Sales Tax Rate for Oakham is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Oakham is 5.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Oakham
- The average income of a Oakham resident is $39,893 a year. The US average is $37,638 a year.
- The Median household income of a Oakham resident is $85,078 a year. The US average is $69,021 a year.