Oakland, Mississippi is a small town with a population of 3,894 people. The average cost of rent for a 2 bedroom apartment in Oakland is $760 per month which is significantly lower than the US average rent of $1,430. This makes Oakland an attractive option for many who are looking to save money on housing costs. Additionally, the grocery cost index in Oakland is 92 compared to 100 in the US, making groceries more affordable than many other places.
Oakland has many local businesses that provide a wide array of services and products. Examples include Clay's Barbeque & Grille which serves up mouth-watering barbeque dishes, Johnson’s Automotive which provides quality car repair services, and Missy's Boutique which carries the latest fashion trends for men and women. There are numerous other restaurants, shops, and service providers that offer the residents of Oakland what they need on a daily basis.
Oakland (zip 38948) has an unemployment rate of 6.5%. The US average is 6.0%.
Oakland (zip 38948) has seen the job market decrease by -4.0% over the last year. Future job growth over the next ten years is predicted to be 34.4%, which is higher than the US average of 33.5%.
Tax Rates for Oakland (zip 38948)
- The Sales Tax Rate for Oakland (zip 38948) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Oakland (zip 38948) is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Oakland (zip 38948)
- The average income of a Oakland (zip 38948) resident is $22,519 a year. The US average is $37,638 a year.
- The Median household income of a Oakland (zip 38948) resident is $30,814 a year. The US average is $69,021 a year.