Oceana, West Virginia is a small town located in Wyoming County with an estimated population of 2,207 people. It is known for its access to outdoor activities including fishing, hunting, and camping opportunities. The cost of living in Oceana is lower than the US average due to low housing costs and grocery expenses. The median rent for two bedroom apartments is $630 compared to the US average of $1,430. Furthermore, the Grocery Cost Index in Oceana is 95 while it is 100 in the US on average.
The local economy in Oceana revolves around coal mining, manufacturing and service industries. Some of the major employers include Anker Coal Group Inc., which produces coal from underground mines as well as surface mines; Energy Resources Corporation which manufactures products related to natural gas production; and Sodexo which provides food services for schools and hospitals across Wyoming County. These companies contribute significantly to creating jobs, providing income for citizens of Oceana and contributing to the local economy overall.
Oceana has an unemployment rate of 7.8%. The US average is 6.0%.
Oceana has seen the job market decrease by -5.0% over the last year. Future job growth over the next ten years is predicted to be 2.1%, which is lower than the US average of 33.5%.
Tax Rates for Oceana
- The Sales Tax Rate for Oceana is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Oceana is 6.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Oceana
- The average income of a Oceana resident is $30,473 a year. The US average is $37,638 a year.
- The Median household income of a Oceana resident is $34,688 a year. The US average is $69,021 a year.