Oilton, TX is a small town with a population of around 6,000 people. It offers various amenities such as grocery stores, restaurants, banks and churches. The cost of living in Oilton is quite affordable compared to other cities in the United States. Rent for a two bedroom apartment averages at $990 while across the nation it is around $1,430. Grocery costs are also lower than national averages with an index of 89 versus 100 in the US. Local businesses such as Thomas Market and Johnson’s Pawn Shop provide great value for locals looking to purchase goods or services at lower rates than anywhere else. With rent prices significantly lower than other cities and reasonable grocery costs, Oilton presents itself as an attractive place to live and work with its low cost of living.
Oilton has an unemployment rate of 7.9%. The US average is 6.0%.
Oilton has seen the job market increase by 1.1% over the last year. Future job growth over the next ten years is predicted to be 33.1%, which is lower than the US average of 33.5%.
Tax Rates for Oilton
- The Sales Tax Rate for Oilton is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Oilton 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 Oilton
- The average income of a Oilton resident is $15,228 a year. The US average is $28,555 a year.
- The Median household income of a Oilton resident is $34,464 a year. The US average is $69,021 a year.