Cost of Living in Oakland, TN
Population 9,544 · Tennessee · Data vintage 2023
(100 = US avg)
Oakland is a smaller Tennessee community of around 10000 residents, where median household incomes of $89,240 and housing costs ($297,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape. An unemployment rate of 2.9% points to a labor market well on the tight side of the national distribution.
Geographically, Oakland is about 25 miles east of Memphis, the nearest large metro. Median home values run roughly 89% higher than Memphis' $157,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Oakland
The median home value in Oakland is $297,300 — 3% below the national median of $305,000. Median rent runs $1,815/month, 38% higher than the national median of $1,314/month. The median household income of $89,240/year is 20% higher than the US median of $74,580. The local unemployment rate is 2.9%, below the national average of 4.8%. Tennessee charges no state income tax, a meaningful advantage for take-home pay. The climate averages highs of 73.0°F and lows of 53.8°F, with about 2.7" of annual snowfall. Overall, Oakland has a cost of living index of 114 versus the US average of 100, meaning it is 14% more expensive.
Oakland has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 51 | 56 | 64 | 73 | 82 | 89 | 92 | 92 | 86 | 75 | 63 | 53 |
| Low °F | 33 | 37 | 44 | 53 | 62 | 70 | 74 | 73 | 66 | 54 | 43 | 36 |
| Precip" | 4.14 | 4.55 | 5.74 | 5.87 | 5.27 | 3.99 | 4.82 | 3.37 | 3.03 | 3.98 | 4.69 | 5.49 |
| Snow" | 0.9 | 1.0 | 0.5 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.2 |
Frequently Asked Questions
What is the cost of living in Oakland, TN?
Oakland has a cost index of 114 (100 = national average). It is 14% above the national average.
What is average rent in Oakland, TN?
The median gross rent in Oakland is $1,815 per month based on 2023 Census data.
What is the average home price in Oakland?
The median home value in Oakland is $297,300 according to Zillow and Census data.
What is the median income in Oakland?
The median household income in Oakland is $89,240 per year (2023 ACS 5-year estimates).
What is the sales tax in Oakland, TN?
The combined state and local sales tax rate in Oakland is 9.6%. Tennessee has no state income tax.
Is Oakland, TN affordable?
Oakland is above average in cost of living, with an index of 114 — about 14% higher than the national average.
What is the weather like in Oakland?
Oakland has average high temperatures of 73.0°F and average lows of 53.8°F. Annual precipitation is 54.9". Average annual snowfall is 2.7". Data from NOAA 1991–2020 Climate Normals.
Oakland at a Glance
- Population
- 9,544
- Median Income
- $89,240
- Home Value
- $297,300
- Median Rent
- $1,815/mo
- Unemployment
- 2.9%
- Avg High Temp
- 73.0°F
- Sales Tax
- 9.6%
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Tennessee Rankings
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