Oakland, Mississippi is a small town located in the northeast corner of the state. With a population of only 2,400 people, it is a tight-knit community that often comes together to support local businesses. The cost of living in Oakland is quite low with rent for a two-bedroom apartment priced at $740 and their grocery cost index sitting at 92 compared to the US average which is 100. As a result, many people find it easy to afford necessities and even have some extra cash left over for leisure activities or dining out. Some popular local companies to check out include KFC, McDonald's, Casey’s General Store and Oaklawn Pharmacy.
Oakland has an unemployment rate of 6.5%. The US average is 6.0%.
Oakland has seen the job market decrease by -4.0% over the last year. Future job growth over the next ten years is predicted to be 34.4%, which is higher than the US average of 33.5%.
Tax Rates for Oakland
- The Sales Tax Rate for Oakland is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Oakland is 5.0%. 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 $20,563 a year. The US average is $37,638 a year.
- The Median household income of a Oakland resident is $25,000 a year. The US average is $69,021 a year.