Oakland, MI (48363) is a great place to call home. According to recent data, the two bedroom rent price in Oakland is $1,310 which is much cheaper than the US average of $1,430. Additionally, grocery costs are very reasonable with an index of 104 versus 100 in the US. There are several local companies and supermarkets such as The Canton Market, Home Town Grocery Store and Detroit Supermarket that offer an array of food items at competitive prices. There are also several restaurants like Theo's Restaurant and Dante's Italian Grill for casual dining or special occasions.
Oakland (zip 48363) has an unemployment rate of 3.5%. The US average is 6.0%.
Oakland (zip 48363) 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 (zip 48363)
- The Sales Tax Rate for Oakland (zip 48363) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Oakland (zip 48363) 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 (zip 48363)
- The average income of a Oakland (zip 48363) resident is $49,310 a year. The US average is $28,555 a year.
- The Median household income of a Oakland (zip 48363) resident is $157,536 a year. The US average is $69,021 a year.