Oakland, MO is a small town located in Missouri with a population of about 4,000. It is known for its highly affordable cost of living compared to the national average. The average rent for two-bedroom apartments in Oakland is $1,240 per month – significantly lower than the US average of $1,430. Additionally, groceries are 3 percent less expensive on average in Oakland than across the country.
When it comes to businesses, Oakland offers several options as well. Popular companies operating in Oakland include The Plant Connection LLC., Old Town Market Grocery Store, and The Dairy Shack. These businesses offer residents employment opportunities as well as essential goods and services at an affordable price. All in all, Oakland provides a great cost of living advantage to those looking for a more economical place to live without sacrificing quality or comfort.
Oakland has an unemployment rate of 4.5%. The US average is 6.0%.
Oakland has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 26.8%, which is lower than the US average of 33.5%.
Tax Rates for Oakland
- The Sales Tax Rate for Oakland is 7.6%. The US average is 7.3%.
- The Income Tax Rate for Oakland is 5.9%. 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 $52,029 a year. The US average is $28,555 a year.
- The Median household income of a Oakland resident is $106,597 a year. The US average is $69,021 a year.