Oakboro is a small town in North Carolina located in Stanly County. The population of Oakboro is approximately 1,200 people and the cost of living is relatively low compared to the national average. The average 2 bedroom rent in Oakboro is $710, which is significantly less than the US average of $1,430. Grocery costs are also lower with an index of 96 compared to 100 nationally.
Oakboro has a number of local businesses that serve its residents such as Stanly Tire and Automotive Repair, Belk's Funeral Home, and South Piedmont Electric Membership Corporation (SEMC). In addition to these essential companies, there are some great amenities available including parks for outdoor recreation, places for shopping and dining, and several churches for worship services.
Oakboro (zip 28129) has an unemployment rate of 4.1%. The US average is 6.0%.
Oakboro (zip 28129) has seen the job market decrease by -5.8% over the last year. Future job growth over the next ten years is predicted to be 37.6%, which is higher than the US average of 33.5%.
Tax Rates for Oakboro (zip 28129)
- The Sales Tax Rate for Oakboro (zip 28129) is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Oakboro (zip 28129) is 5.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Oakboro (zip 28129)
- The average income of a Oakboro (zip 28129) resident is $31,022 a year. The US average is $37,638 a year.
- The Median household income of a Oakboro (zip 28129) resident is $65,181 a year. The US average is $69,021 a year.