Oakland, NE is an ideal place to live with affordable rent and grocery prices. Rent for a two-bedroom home is on average $820 compared to the US average of $1,430, making it a more affordable option. Grocery prices in Oakland are at 94 compared to the US Index of 100, making it easier for residents to stock up on needed items. The city offers many attractions and local businesses for residents to enjoy such as the annual Oakland Fun Days Festival with fireworks displays and family activities. Additionally, many stores such as convenience stores, hardware stores and gas stations are located throughout the city adding convenience for locals.
Oakland has an unemployment rate of 2.6%. The US average is 6.0%.
Oakland has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 16.3%, which is lower than the US average of 33.5%.
Tax Rates for Oakland
- The Sales Tax Rate for Oakland is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Oakland is 6.8%. 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 $29,159 a year. The US average is $37,638 a year.
- The Median household income of a Oakland resident is $62,292 a year. The US average is $69,021 a year.