Oak Valley, MN is a small town located in the Midwestern United States. It is known for its low rent prices and cost of living. The average two bedroom rental price in Oak Valley is $820 which is significantly lower than the national average of $1430. Additionally, the Grocery Cost Index in Oak Valley is 94 versus 100 in the US.
Oak Valley has many local businesses that serve residents including Anderson's Auto Repair, Smith Family Bakery, and Oak Valley Veterinary Clinic. There are also several great restaurants such as Grandma's Kitchen, Diner on Main Street, and Mexican Fiesta Restaurant. Popular parks in Oak Valley include Maplewood Park and Centennial Park where residents can enjoy outdoor activities like picnicking, fishing, walking trails and more.
Oak Valley has an unemployment rate of 5.3%. The US average is 6.0%.
Oak Valley has seen the job market decrease by -1.0% over the last year. Future job growth over the next ten years is predicted to be 34.5%, which is higher than the US average of 33.5%.
Tax Rates for Oak Valley
- The Sales Tax Rate for Oak Valley is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Oak Valley is 7.1%. The US average is 4.6%.
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Income and Salaries for Oak Valley
- The average income of a Oak Valley resident is $34,879 a year. The US average is $37,638 a year.
- The Median household income of a Oak Valley resident is $66,250 a year. The US average is $69,021 a year.