Oakwood, OH (Zip Code 45873) is a small city located in Ohio with a population of around 4,000. The average 2 bedroom rent in Oakwood is much lower than the national average of $1,430, coming in at only $770. Its grocery cost index also costs less than the US average at 90 versus 100. This makes Oakwood an ideal location for those looking to save money on living costs. Local companies such as Palmers Electric Supply Co., EBM Equipment Co., and NAPA Auto Parts can be found in Oakwood to provide a variety of necessary goods and services for its residents. In conclusion, living in Oakwood provides all the amenities you could need at a much lower cost of living than many other surrounding cities.
Oakwood (zip 45873) has an unemployment rate of 3.8%. The US average is 6.0%.
Oakwood (zip 45873) has seen the job market decrease by -0.3% over the last year. Future job growth over the next ten years is predicted to be 23.0%, which is lower than the US average of 33.5%.
Tax Rates for Oakwood (zip 45873)
- The Sales Tax Rate for Oakwood (zip 45873) is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Oakwood (zip 45873) is 4.7%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Oakwood (zip 45873)
- The average income of a Oakwood (zip 45873) resident is $23,895 a year. The US average is $28,555 a year.
- The Median household income of a Oakwood (zip 45873) resident is $53,715 a year. The US average is $69,021 a year.