Oak City is a small town located in North Carolina with a population of 2,785. It has an average two bedroom rent cost of $690 which is much lower than the national average of $1,430. The Grocery Cost Index in Oak City is also lower than the national average at 93 compared to 100.
Oak City has many local businesses that contribute to its economy including K&H Construction, Creative Design Solutions, and Oak City Bar-B-Que. K&H Construction specializes in both residential and commercial construction projects providing jobs for local residents while Creative Design Solutions creates custom web designs for businesses all over the world. Oak City Bar-B-Que serves up delicious barbeque dishes for locals and visitors alike. These three companies provide employment opportunities and help keep money circulating within the local economy.
Oak City (zip 27857) has an unemployment rate of 5.3%. The US average is 6.0%.
Oak City (zip 27857) has seen the job market decrease by -1.4% over the last year. Future job growth over the next ten years is predicted to be 22.1%, which is lower than the US average of 33.5%.
Tax Rates for Oak City (zip 27857)
- The Sales Tax Rate for Oak City (zip 27857) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Oak City (zip 27857) 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 Oak City (zip 27857)
- The average income of a Oak City (zip 27857) resident is $17,235 a year. The US average is $28,555 a year.
- The Median household income of a Oak City (zip 27857) resident is $54,269 a year. The US average is $69,021 a year.