Canton, OH is a great place to live for those who are looking for economic advantages. With 2 bedroom rent costing $840 compared to the US average of $1,430, it is much more affordable than other cities. Additionally, the grocery cost index in town is 94 versus the US average of 100 which further adds to the economic perks of living in Canton. The city is home to several well-known companies including TimkenSteel Corporation and Diebold Nixdorf Incorporated which provide many job opportunities for locals. With its friendly people and relatively low costs of living, Canton is a great place to live with all that it has to offer.
Canton has an unemployment rate of 6.5%. The US average is 6.0%.
Canton has seen the job market increase by 0.1% over the last year. Future job growth over the next ten years is predicted to be 22.1%, which is lower than the US average of 33.5%.
Tax Rates for Canton
- The Sales Tax Rate for Canton is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Canton is 5.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Canton
- The average income of a Canton resident is $16,769 a year. The US average is $28,555 a year.
- The Median household income of a Canton resident is $34,611 a year. The US average is $69,021 a year.