Ashland,Ohio is a small city located in the north-central part of the state. It is home to some of Ohio's best educational institutions and attractions. The cost of living in Ashland is relatively low, with two bedroom rent averaging around $940 per month. This compares to the national average of $1,430 for two bedrooms. Additionally, grocery costs are also lower as the Grocery Cost Index for Ashland is 97 versus 100 for the US. Because of these affordable costs, the city has become an attractive destination for families and young professionals alike.
Ashland also has a vibrant business community that provides employment opportunities across many industries including healthcare, engineering, manufacturing and retail services. Notable local companies include: Samaritan Regional Health System, North Central State College, ProMedica Health Systems and Invacare Corporation. With its great educational institutions and wide variety of jobs available in the area, Ashland continues to be a desirable place to live and work in Ohio.
Ashland has an unemployment rate of 4.0%. The US average is 6.0%.
Ashland has seen the job market decrease by -0.9% over the last year. Future job growth over the next ten years is predicted to be 24.8%, which is lower than the US average of 33.5%.
Tax Rates for Ashland
- The Sales Tax Rate for Ashland is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Ashland is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Ashland
- The average income of a Ashland resident is $20,813 a year. The US average is $28,555 a year.
- The Median household income of a Ashland resident is $51,224 a year. The US average is $69,021 a year.