Oakland, MI County is a vibrant community located in the state of Michigan. With a population of just over 1 million residents, Oakland is home to a number of well-known companies such as Amazon, Domino's Pizza, Meijer, and Ford Motor Company. The cost of living is relatively affordable with 2 bedroom rent costing just $1,210 compared to the US average of $1,430. Additionally, grocery costs are slightly below the national average index of 100 at 99 for Oakland County. With its diversity in industry and affordable cost of living, Oakland County is an ideal place to live and work.
Oakland County has an unemployment rate of 3.5%. The US average is 6.0%.
Oakland County has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 38.0%, which is higher than the US average of 33.5%.
Tax Rates for Oakland County
- The Sales Tax Rate for Oakland County is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Oakland County is 4.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Oakland County
- The average income of a Oakland County resident is $37,089 a year. The US average is $28,555 a year.
- The Median household income of a Oakland County resident is $86,275 a year. The US average is $69,021 a year.