Oceola, MI is a small town located in the south of the state. It offers residents a quiet atmosphere and a low cost of living. The average rent for a two bedroom apartment is $1,390, which is significantly lower than the national average of $1,430. In addition to affordable housing costs, groceries in Oceola are also more affordable compared to the US with an index score of 99 versus 100.
Though small in size, there are many great companies in Oceola such as Hamilton's Bakery and True Value Hardware Store that offer locals quality products and services. For entertainment and sightseeing opportunities, visitors can enjoy visiting both local attractions like the Lake Michigan Observatory or engaging in active pursuits like kayaking at Muskrat Creek Recreation Area.
Oceola has an unemployment rate of 3.3%. The US average is 6.0%.
Oceola has seen the job market decrease by -10.5% over the last year. Future job growth over the next ten years is predicted to be 38.8%, which is higher than the US average of 33.5%.
Tax Rates for Oceola
- The Sales Tax Rate for Oceola is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Oceola is 4.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Oceola
- The average income of a Oceola resident is $39,425 a year. The US average is $37,638 a year.
- The Median household income of a Oceola resident is $103,093 a year. The US average is $69,021 a year.