Cinnamon Lake, OH is a great place to live with many benefits. It has an average 2 bedroom rent that is significantly lower than the national average at $880 per month versus $1,430. Additionally, grocery costs are also cheaper in Cinnamon Lake with a Grocery Cost Index of 97 compared to 100 in the US. Many local businesses make Cinnamon Lake attractive to new residents, including small businesses like Joe's Bakery and Jason's Hardware Store as well as larger ones like Pinnacle Foods and Big Box Electronics. With all these companies available it is easy for residents of Cinnamon Lake to take advantage of low cost goods and services while providing support to their local economy.
Cinnamon Lake has an unemployment rate of 4.0%. The US average is 6.0%.
Cinnamon Lake 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 Cinnamon Lake
- The Sales Tax Rate for Cinnamon Lake is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Cinnamon Lake 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 Cinnamon Lake
- The average income of a Cinnamon Lake resident is $20,208 a year. The US average is $28,555 a year.
- The Median household income of a Cinnamon Lake resident is $78,212 a year. The US average is $69,021 a year.