Olmsted Falls, OH is a great destination for those looking to relocate on a budget. It offers the benefits of living in a suburban area, with an average two bedroom rent of $1,180 which is significantly lower than the US average of $1,430. Additionally, the grocery cost index in Olmsted Falls is 99 compared to the US average of 100. The city is home to multiple parks and recreational areas where locals can enjoy outdoor activities such as swimming, fishing and hiking. It also has many notable local businesses including Merlin's Bakery and La Dolce Vita Italian Restaurant both offering delicious meals perfect for any occasion.
Olmsted Falls has an unemployment rate of 5.5%. The US average is 6.0%.
Olmsted Falls has seen the job market increase by 1.0% over the last year. Future job growth over the next ten years is predicted to be 23.4%, which is lower than the US average of 33.5%.
Tax Rates for Olmsted Falls
- The Sales Tax Rate for Olmsted Falls is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Olmsted Falls 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 Olmsted Falls
- The average income of a Olmsted Falls resident is $30,150 a year. The US average is $28,555 a year.
- The Median household income of a Olmsted Falls resident is $86,111 a year. The US average is $69,021 a year.