Oakland, TN (38060) is a small city located 30 miles northeast of Memphis. The cost of living in Oakland is slightly lower than the US average, with a two bedroom rental rate of $1,470 compared to $1,430 nationally. Grocery costs are also slightly lower at 99 versus 100 in the US. In terms of employment opportunities, there is a variety of companies such as Autozone and International Paper Co that employ residents in Oakland. Additionally, there Walmart Distribution Center located nearby provides work for many people. There are many different options for spending leisure time in Oakland, such as visiting one of the local parks or visiting Tilden Rodgers Park Museum. All-in-all Oakland is an affordable place to live with plenty of job opportunities and things to do.
Oakland (zip 38060) has an unemployment rate of 4.9%. The US average is 6.0%.
Oakland (zip 38060) has seen the job market decrease by -5.6% over the last year. Future job growth over the next ten years is predicted to be 41.0%, which is higher than the US average of 33.5%.
Tax Rates for Oakland (zip 38060)
- The Sales Tax Rate for Oakland (zip 38060) is 9.3%. The US average is 7.3%.
- The Income Tax Rate for Oakland (zip 38060) 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 Oakland (zip 38060)
- The average income of a Oakland (zip 38060) resident is $35,573 a year. The US average is $37,638 a year.
- The Median household income of a Oakland (zip 38060) resident is $69,676 a year. The US average is $69,021 a year.