Oceola, OH is a great place to live for those looking for a low-cost lifestyle. With an average 2 bedroom rent price of $790, it's well below the national average of $1,430. And when it comes to grocery costs, Oceola sits at an index of 92 versus 100 in the US so residents can expect to save money there too. The area has plenty of local businesses that add to its economy such as The Oceola Town Market, Miller’s Bakery and Gardenia Garden designed goods and services. All in all this little town offers a much lower cost of living than other parts of the country.
Oceola has an unemployment rate of 5.0%. The US average is 6.0%.
Oceola has seen the job market decrease by -2.6% over the last year. Future job growth over the next ten years is predicted to be 16.6%, which is lower than the US average of 33.5%.
Tax Rates for Oceola
- The Sales Tax Rate for Oceola is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Oceola is 3.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Oceola
- The average income of a Oceola resident is $7,724 a year. The US average is $28,555 a year.
- The Median household income of a Oceola resident is $49,728 a year. The US average is $69,021 a year.