38362 Oakfield, TN is a small town located in Fayette County with an estimated population of 1,872. It has a vibrant downtown area with plenty of local businesses and attractions. Rent for two-bedroom apartments in the area is about $1,220, which is substantially lower than the national average of $1,430. Prices for groceries are also slightly more affordable than the national average, as the Grocery Cost Index in the area is 94 compared to 100 in the US. Notable local businesses include The Old Country Store that sells antique furniture and collectables as well as B&C Bee Farm that produces honey and other bee products such as candles and soaps. In addition, there is also a great selection of restaurants including G Ma's Diner and Sushi Express.
Oakfield (zip 38362) has an unemployment rate of 5.1%. The US average is 6.0%.
Oakfield (zip 38362) has seen the job market decrease by -4.8% over the last year. Future job growth over the next ten years is predicted to be 40.4%, which is higher than the US average of 33.5%.
Tax Rates for Oakfield (zip 38362)
- The Sales Tax Rate for Oakfield (zip 38362) is 9.8%. The US average is 7.3%.
- The Income Tax Rate for Oakfield (zip 38362) is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Oakfield (zip 38362)
- The average income of a Oakfield (zip 38362) resident is $32,224 a year. The US average is $37,638 a year.
- The Median household income of a Oakfield (zip 38362) resident is $61,667 a year. The US average is $69,021 a year.