Oakwood, MO is a small town located in the heart of Missouri. Despite its size, Oakwood offers its residents a variety of amenities including affordable housing. The cost of renting a two bedroom apartment in Oakwood is $1,170, which is significantly lower than the US average for a two bedroom rent of $1,430. The grocery cost index in Oakwood is also below the national average at 97 versus 100 in the US. \nTo help support the local economy, there are several businesses and attractions based in Oakwood. These include Oakwood Plaza Shopping Center, Shadow Hill Golf Course & Country Club, and Schaberg Park & Pool. Each offers something unique to visitors and residents alike. Additionally, there are many restaurants serving up delicious cuisine from all over the world such as Sushi Zen Japanese Restaurant and Texas Roadhouse Restaurant & Bar for steak lovers. For those looking to relax or reconnect with nature there are also plenty of parks nearby like Big Creek State Park and Mark Twain State Park.
Oakwood has an unemployment rate of 4.2%. The US average is 6.0%.
Oakwood has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 33.8%, which is higher than the US average of 33.5%.
Tax Rates for Oakwood
- The Sales Tax Rate for Oakwood is 8.5%. The US average is 7.3%.
- The Income Tax Rate for Oakwood 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 Oakwood
- The average income of a Oakwood resident is $44,079 a year. The US average is $28,555 a year.
- The Median household income of a Oakwood resident is $124,063 a year. The US average is $69,021 a year.