Oak City, NC is a great place to live! It has a lower-than-average rent cost for two bedroom apartments at only $700, making it very affordable for those looking for a place to call home. Furthermore, the Grocery Cost Index in Oak City is 93 compared to the US average of 100, which means you can save money on groceries while living in this city. Along with these economic benefits, Oak City boasts several great local businesses such as ABC Company, XYZ Enterprises, and 123 Industries. With its low rent prices and cost of living, Oak City offers residents an ideal combination of affordability and quality of life.
Oak City has an unemployment rate of 5.3%. The US average is 6.0%.
Oak City has seen the job market decrease by -1.4% over the last year. Future job growth over the next ten years is predicted to be 22.1%, which is lower than the US average of 33.5%.
Tax Rates for Oak City
- The Sales Tax Rate for Oak City is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Oak City 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 Oak City
- The average income of a Oak City resident is $17,230 a year. The US average is $28,555 a year.
- The Median household income of a Oak City resident is $53,598 a year. The US average is $69,021 a year.