Oak Ridge, NC is an ideal city for people looking for a great place to live. The cost of living is lower than the US average, with two bedroom rents currently sitting at $1,090 versus $1,430 in the US. Additionally, the grocery cost index is 102 versus 100 in the US. This makes it a great place to stretch your dollar further.
The city has numerous local businesses that provide employment opportunities. Notable companies in Oak Ridge include Duke Energy, Walmart Distribution Center and City of Oak Ridge Public Works Department. These companies offer excellent job opportunities ranging from entry-level positions to management roles. The area also provides opportunities for tech-oriented jobs through its many tech startups located within walking distance from each other in what's known as “the Innovation Valley”.
Overall, Oak Ridge offers great value for money and plenty of employment options for locals and newcomers alike.
Oak Ridge has an unemployment rate of 5.3%. The US average is 6.0%.
Oak Ridge has seen the job market increase by 1.4% over the last year. Future job growth over the next ten years is predicted to be 32.1%, which is lower than the US average of 33.5%.
Tax Rates for Oak Ridge
- The Sales Tax Rate for Oak Ridge is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Oak Ridge 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 Ridge
- The average income of a Oak Ridge resident is $40,707 a year. The US average is $28,555 a year.
- The Median household income of a Oak Ridge resident is $132,298 a year. The US average is $69,021 a year.