Oak Hollow, SD is a small town in South Dakota with plenty of local businesses to explore. Businesses like Oak Hollow Mercantile, Walgreens Pharmacy, and Pizza Primo can all be found within its city limits. The cost of living is relatively low compared to the national average, with the average 2 bedroom rent costing $820. This is significantly lower than the US average of $1,430 for two bedrooms. Grocery costs are also cheaper in Oak Hollow with an index score of 94 versus 100 on the national level. With its affordable living costs, Oak Hollow makes for a great place to call home.
Oak Hollow has an unemployment rate of 3.6%. The US average is 6.0%.
Oak Hollow has seen the job market decrease by -0.1% over the last year. Future job growth over the next ten years is predicted to be 20.6%, which is lower than the US average of 33.5%.
Tax Rates for Oak Hollow
- The Sales Tax Rate for Oak Hollow is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Oak Hollow is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Oak Hollow
- The average income of a Oak Hollow resident is $41,700 a year. The US average is $28,555 a year.
- The Median household income of a Oak Hollow resident is $145,972 a year. The US average is $69,021 a year.