Oakwood, Oklahoma, (zip code 73658) is located in Woodward county in the Northwest part of the state. It is a small rural town with a population estimated to be around 990 people. The 2 bedroom rent in Oakwood is $720 which is significantly lower than the US average of $1,430 per month. This makes Oakwood an attractive place for those looking to rent on a budget. There are several local businesses in the area including Oakwood Implement Co., Woodycrest Farm Supply, and P&R Electric. The grocery cost index in Oakwood is also very competitive at 91 compared to the US average of 100. All of this combined makes living in Oakwood quite affordable compared to other parts of the country.
Oakwood (zip 73658) has an unemployment rate of 3.4%. The US average is 6.0%.
Oakwood (zip 73658) has seen the job market decrease by -8.2% over the last year. Future job growth over the next ten years is predicted to be 42.5%, which is higher than the US average of 33.5%.
Tax Rates for Oakwood (zip 73658)
- The Sales Tax Rate for Oakwood (zip 73658) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Oakwood (zip 73658) 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 Oakwood (zip 73658)
- The average income of a Oakwood (zip 73658) resident is $39,763 a year. The US average is $37,638 a year.
- The Median household income of a Oakwood (zip 73658) resident is $46,875 a year. The US average is $69,021 a year.