Red Oak, Texas is a great place to live for those looking for an affordable lifestyle. The average two bedroom rent in Red Oak is $1,620 per month which is significantly less than the national average of $1,430. Grocery costs are also very reasonable with the index at 99 compared to 100 nationally. Red Oak also has plenty of local businesses to shop and explore such as the popular grocery store Fiesta Mart and cinemas like Studio Movie Grill. All in all, living in Red Oak can be quite affordable with its low cost of living and ample opportunities for recreation and entertainment.
Red Oak has an unemployment rate of 5.8%. The US average is 6.0%.
Red Oak has seen the job market increase by 3.3% over the last year. Future job growth over the next ten years is predicted to be 48.7%, which is higher than the US average of 33.5%.
Tax Rates for Red Oak
- The Sales Tax Rate for Red Oak is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Red Oak 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 Red Oak
- The average income of a Red Oak resident is $26,176 a year. The US average is $28,555 a year.
- The Median household income of a Red Oak resident is $86,902 a year. The US average is $69,021 a year.