South Point, OH Economy


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South Point, OH is a small town located in Lawrence County. It is known for its affordability, as the average two bedroom rent is $840 compared to the US average of $1430. Local grocery stores are also very affordable due to a Grocery Cost Index of 97 versus 100 in the US. South Point offers its residents access to various amenities and services such as banking, healthcare, shopping centers and restaurants. Retailers such as Dollar General and Big Lots operate in South Point, while other local businesses include Nazio's Pizza Shop and T&T Auto Repair. The area also features several churches to cater spiritual needs of the citizens.

South Point has an unemployment rate of 4.3%. The US average is 6.0%.

South Point has seen the job market decrease by -1.1% over the last year. Future job growth over the next ten years is predicted to be 18.3%, which is lower than the US average of 33.5%.

Tax Rates for South Point
- The Sales Tax Rate for South Point is 7.3%. The US average is 7.3%.
- The Income Tax Rate for South Point is 3.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for South Point
- The average income of a South Point resident is $27,054 a year. The US average is $28,555 a year.
- The Median household income of a South Point resident is $68,902 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomySouth Point, OhioUnited States
  4.36
  -4.0%-6.2%
  18.3%33.5%
  7.3%6.2%
  3.5%4.6%
  $33,418$37,638
  $68,902$69,021
  $80,598$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  13.4%6.8%
  14.1%10.0%
  4.0%2.5%
  12.8%11.0%
  0.5%4.8%
  3.5%0.8%
  2.0%1.9%
  3.4%4.7%
  0.7%1.9%
  1.7%7.6%
  0.0%0.1%
  7.6%4.2%
  9.8%9.3%
  16.5%14.0%
  2.5%2.1%
  1.7%7.0%
  3.0%4.8%
  2.9%4.7%
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