Oak City, UT, is an idyllic residential area with a population of 84649 people. It has low housing costs, with an average 2 bedroom apartment renting for just $830. This makes the cost of living in Oak City significantly lower than the US average, where 2 bedroom apartments rent for $1,430. The city's Grocery Cost Index is also low at 92 versus 100 in the US.
Oak City offers small town charm without sacrificing amenities. Local businesses like Jansen's Ace Hardware, Brown's Supermarket and Delgado & Sons Carpentry provide residents with quality goods and services at a reasonable price. There are also several dining options available such as Elisa's Italian Restaurant, Mexican Jenny's and Charlie's Café & Bakery. Residents can enjoy a variety of leisure activities at nearby parks or take part in local events such as the annual Oaktoberfest held every October.
Overall, Oak City is an affordable place to live with plenty of activities and amenities available for its citizens. Residents can get all their needs met while still enjoying low cost of living expenses due to lower housing costs and grocery prices compared to the rest of the country.
Oak City (zip 84649) has an unemployment rate of 2.4%. The US average is 6.0%.
Oak City (zip 84649) has seen the job market decrease by -2.1% over the last year. Future job growth over the next ten years is predicted to be 33.1%, which is lower than the US average of 33.5%.
Tax Rates for Oak City (zip 84649)
- The Sales Tax Rate for Oak City (zip 84649) is 6.2%. The US average is 7.3%.
- The Income Tax Rate for Oak City (zip 84649) 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 Oak City (zip 84649)
- The average income of a Oak City (zip 84649) resident is $18,385 a year. The US average is $28,555 a year.
- The Median household income of a Oak City (zip 84649) resident is $71,367 a year. The US average is $69,021 a year.