Oakboro, NC is a charming and affordable community located in Stanly County. It is known for its peaceful atmosphere and low cost of living. The average two bedroom rent in Oakboro is $740 which is significantly lower than the US average of $1,430. Moreover, the Grocery Cost Index in Oakboro is 96 compared to a benchmark of 100 in the US. This makes Oakboro an ideal choice for families looking to relocate on a budget. Local companies such as Smith’s Auto Parts, Oakboro Floral Co., and J&C Electrical Supply are popular among the locals. Overall, Oakboro provides a safe and secure environment with plenty of opportunities to make quality life decisions.
Oakboro has an unemployment rate of 4.1%. The US average is 6.0%.
Oakboro has seen the job market decrease by -5.8% over the last year. Future job growth over the next ten years is predicted to be 37.6%, which is higher than the US average of 33.5%.
Tax Rates for Oakboro
- The Sales Tax Rate for Oakboro is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Oakboro is 5.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Oakboro
- The average income of a Oakboro resident is $28,962 a year. The US average is $37,638 a year.
- The Median household income of a Oakboro resident is $69,125 a year. The US average is $69,021 a year.