Oak Hill, WV is a great place to live with its low cost of living. Not only does it have low housing costs with a 2-bedroom rent averaging $800 compared to the US average of $1,430, but it also has a low grocery cost index rating of 93 as opposed to the US rate of 100.
The town has a variety of local businesses that make living in Oak Hill more enjoyable. These include stores like K-Mart, Walmart Supercenter, and Belk department store; restaurants such as Pizza Hut and Cracker Barrel; and entertainment locations like Cinema 8 Theater and Big Bear Lake Adventure Park. Residents can also take advantage of the many services offered by the local banks and credit unions such as United Bank and BB&T.
Oak Hill has an unemployment rate of 7.8%. The US average is 6.0%.
Oak Hill has seen the job market decrease by -0.3% over the last year. Future job growth over the next ten years is predicted to be 18.3%, which is lower than the US average of 33.5%.
Tax Rates for Oak Hill
- The Sales Tax Rate for Oak Hill is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Oak Hill is 6.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Oak Hill
- The average income of a Oak Hill resident is $19,249 a year. The US average is $28,555 a year.
- The Median household income of a Oak Hill resident is $45,460 a year. The US average is $69,021 a year.