Wilmington, OH is an economically sound city with a low cost of living. The average 2 bedroom rent in Wilmington is $900, which is much lower than the general US average of $1,430. Additionally, the Grocery Cost Index in Wilmington is 97 versus the national average of 100. These low rental and grocery costs make Wilmington an attractive place to live for people on a budget.
The city of Wilmington boasts many local companies that make up its diverse economy. Some notable businesses include Zane State College, DHL Express USA Inc., Airborne Maintenance & Engineering Services Inc., Peoples Bank & Trust Company, and Hobart Corporation. Other notable employers include Wilmington area hospitals and schools which support the local community in various ways.
Wilmington has an unemployment rate of 4.9%. The US average is 6.0%.
Wilmington has seen the job market decrease by -3.8% over the last year. Future job growth over the next ten years is predicted to be 34.2%, which is higher than the US average of 33.5%.
Tax Rates for Wilmington
- The Sales Tax Rate for Wilmington is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Wilmington is 4.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Wilmington
- The average income of a Wilmington resident is $24,444 a year. The US average is $37,638 a year.
- The Median household income of a Wilmington resident is $44,474 a year. The US average is $69,021 a year.