Oakland, Iowa, is a small city with a population of 51560 people. This rural community offers low housing costs and an overall affordable cost of living. The average 2 Bedroom rent in Oakland is $890 which is much lower than the US average which is $1,430. Furthermore, grocery costs are also lower with an index score of 95 compared to 100 in the US.
Oakland has a number of local businesses that make up its vibrant economy. Popular companies in Oakland include Denman Automotive Solutions, Farner-Bocken Company, PROSHRED Security Corporation and Midwest Asphalt Corporation. All these businesses provide employment opportunities to the locals and contribute to economic development in Oakland.
Overall, Oakland stands out for its affordability when it comes to housing and cost of living expenses. With plenty of local companies offering jobs and competitive wages, Oakland is an ideal place for those looking for a place to settle down affordably while still being able to enjoy all the amenities that come with city life.
Oakland (zip 51560) has an unemployment rate of 4.3%. The US average is 6.0%.
Oakland (zip 51560) has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 27.5%, which is lower than the US average of 33.5%.
Tax Rates for Oakland (zip 51560)
- The Sales Tax Rate for Oakland (zip 51560) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Oakland (zip 51560) is 9.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Oakland (zip 51560)
- The average income of a Oakland (zip 51560) resident is $27,104 a year. The US average is $28,555 a year.
- The Median household income of a Oakland (zip 51560) resident is $66,111 a year. The US average is $69,021 a year.