Oak Grove, VA Economy


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Oak Grove, VA is an attractive and affordable place to live for many reasons. The average rent for a two-bedroom apartment in Oak Grove is $2,050, which is quite competitive with the national average of $1,430. Moreover, the grocery cost index in Oak Grove is 111 versus 100 in the US making it a very desirable location. Another important factor when considering living in Oak Grove is its business environment. A few notable local companies include Kraft Foods Group, Allianz Global Assistance USA, and Amgen Inc., providing numerous job opportunities for residents. With all of these factors combined, Oak Grove is an ideal location for those looking for a safe and affordable place to call home.

Oak Grove has an unemployment rate of 4.1%. The US average is 6.0%.

Oak Grove has seen the job market increase by 1.9% over the last year. Future job growth over the next ten years is predicted to be 43.0%, which is higher than the US average of 33.5%.

Tax Rates for Oak Grove
- The Sales Tax Rate for Oak Grove is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Oak Grove is 5.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Oak Grove
- The average income of a Oak Grove resident is $46,928 a year. The US average is $28,555 a year.
- The Median household income of a Oak Grove resident is $164,219 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyOak Grove, VirginiaUnited States
  4.16
  -5.3%-6.2%
  43.0%33.5%
  6.0%6.2%
  5.8%4.6%
  $52,252$37,638
  $164,219$69,021
  $151,534$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  6.9%6.8%
  8.4%10.0%
  0.0%2.5%
  8.4%11.0%
  1.7%4.8%
  0.0%0.8%
  2.6%1.9%
  9.9%4.7%
  6.7%1.9%
  34.1%7.6%
  0.0%0.1%
  3.4%4.2%
  3.1%9.3%
  5.0%14.0%
  3.2%2.1%
  0.0%7.0%
  2.9%4.8%
  4.0%4.7%
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