Elmwood Place, OH is a small suburb city located in the Greater Cincinnati area. The cost of living is relatively low compared to national averages with 2 Bedroom rent being just $1,040 versus the US average of $1,430. Additionally, groceries are cheaper than the US average with a Grocery Cost Index of 94 versus 100 nationally. This makes Elmwood Place an attractive town for those looking to save money. Local companies in Elmwood Place include Ace Hardware, Dollar Tree and Walgreens among others. Tourist attractions in the area include The Art Institute & Gallery, Wagner’s Pharmacy Museum and Ault Park.
Elmwood Place has an unemployment rate of 4.4%. The US average is 6.0%.
Elmwood Place has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 30.6%, which is lower than the US average of 33.5%.
Tax Rates for Elmwood Place
- The Sales Tax Rate for Elmwood Place is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Elmwood Place 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 Elmwood Place
- The average income of a Elmwood Place resident is $15,577 a year. The US average is $28,555 a year.
- The Median household income of a Elmwood Place resident is $37,552 a year. The US average is $69,021 a year.