Oakwood, OH is an ideal place to call home. It has a friendly atmosphere and a safe environment. The two-bedroom rent in Oakwood is $950 per month which is significantly lower than the US average of $1,430 per month. The grocery cost index in Oakwood is 99 versus 100 in the US, meaning groceries are slightly cheaper than other cities. \nOakwood provides wonderful job opportunities with local companies such as UES Industries Inc., Dayton Progress Corporation, and Target Distribution Center offering employment to thousands of people in the area. \nThe low rental costs combined with affordable groceries are great benefits to those looking for reasonable living costs while still having access to quality jobs in the city.
Oakwood has an unemployment rate of 5.5%. The US average is 6.0%.
Oakwood has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 28.7%, which is lower than the US average of 33.5%.
Tax Rates for Oakwood
- The Sales Tax Rate for Oakwood is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Oakwood is 6.0%. 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 $48,421 a year. The US average is $28,555 a year.
- The Median household income of a Oakwood resident is $126,713 a year. The US average is $69,021 a year.