24631 Oakwood, VA is a great place to live for those looking for a more affordable lifestyle. Renting a two bedroom apartment in 24631 Oakwood is only $720 a month compared to the national average of $1,430. The cost of groceries in 24631 Oakwood is also very reasonable with an index score of 92 versus 100 nationally. This makes it an ideal place to live for those trying to save money. In addition, there are many local businesses such as Walmart Supercenter, Green Valley Market, Food Lion and Dollar General that make it easy to get what you need without going too far out of your way.
Oakwood (zip 24631) has an unemployment rate of 8.8%. The US average is 6.0%.
Oakwood (zip 24631) has seen the job market increase by 1.5% over the last year. Future job growth over the next ten years is predicted to be 15.0%, which is lower than the US average of 33.5%.
Tax Rates for Oakwood (zip 24631)
- The Sales Tax Rate for Oakwood (zip 24631) is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Oakwood (zip 24631) is 5.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Oakwood (zip 24631)
- The average income of a Oakwood (zip 24631) resident is $19,629 a year. The US average is $28,555 a year.
- The Median household income of a Oakwood (zip 24631) resident is $34,485 a year. The US average is $69,021 a year.