Red Oak, OK is the perfect combination of city life and rural vibes. This small town offers an abundance of amenities such as local businesses, restaurants, shopping centers, and parks. With affordable rent rates of $720 for two bedroom apartments compared to the US average of $1,430, Red Oak is an ideal location for those looking for affordable housing. The Grocery Cost Index in Red Oak is also lower than the national average at 91 versus 100. These cost savings make Red Oak a great place to live on any budget.
Local companies in Red Oak include Triangle Pump Service Inc., All Things New Appliances & Electronics LLC., and A&A Auto Repair & Tire Shop. All three businesses provide excellent customer service to meet their customers’ needs. Furthermore, residents find many activities to do around town such as visiting places like the Three Rivers Museum or Cedar Lake Park which offer a variety of recreational options for all ages.
All in all, Red Oak provides affordability with excellent quality of life options making it a great place to live.
Red Oak has an unemployment rate of 8.6%. The US average is 6.0%.
Red Oak has seen the job market decrease by -4.7% over the last year. Future job growth over the next ten years is predicted to be 1.3%, which is lower than the US average of 33.5%.
Tax Rates for Red Oak
- The Sales Tax Rate for Red Oak is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Red Oak is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Red Oak
- The average income of a Red Oak resident is $18,734 a year. The US average is $28,555 a year.
- The Median household income of a Red Oak resident is $31,920 a year. The US average is $69,021 a year.