Oakville, MO is a charming small town located just outside of St. Louis, with a population of about 2,000 people. The cost of living in Oakville is much lower than the US average, with the 2 Bedroom Rent being $930 compared to $1,430 nationally. Additionally, the Grocery Cost Index is also considerably lower than the national average at 100 versus 100 in the US. Oakville has lots of local companies and amenities for its residents such as Oakville Bakery which offers fresh breads and pastries every day, or the Eternal Springs Spa which provides a range of beauty treatments. Residents can also enjoy outdoor activities like hiking or fishing on Lake Huron or visit some of the local shops including The Kitchen Place for quality kitchenware and appliances.
Oakville has an unemployment rate of 4.5%. The US average is 6.0%.
Oakville 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 Oakville
- The Sales Tax Rate for Oakville is 7.6%. The US average is 7.3%.
- The Income Tax Rate for Oakville 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 Oakville
- The average income of a Oakville resident is $36,278 a year. The US average is $28,555 a year.
- The Median household income of a Oakville resident is $91,497 a year. The US average is $69,021 a year.