Fairlawn, OH Economy


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Fairlawn, OH is a great place to live due to its affordable rent and other costs. The average 2 bedroom rent in Fairlawn is $1,170 compared to the US average of $1,430. Additionally, the Grocery Cost Index in Fairlawn is 103 versus 100 in the US, making it more economical than most places. Furthermore, there are many local companies located in Fairlawn such as Big Lots corporate headquarters and AccuCrimp LLC that offer good job opportunities. All together, these factors make Fairlawn an extremely desirable city for those looking for an affordable city with plenty of career options.

Fairlawn has an unemployment rate of 5.7%. The US average is 6.0%.

Fairlawn 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 26.4%, which is lower than the US average of 33.5%.

Tax Rates for Fairlawn
- The Sales Tax Rate for Fairlawn is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Fairlawn 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 Fairlawn
- The average income of a Fairlawn resident is $40,858 a year. The US average is $28,555 a year.
- The Median household income of a Fairlawn resident is $77,771 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyFairlawn, OhioUnited States
  5.76
  -5.4%-6.2%
  26.4%33.5%
  6.8%6.2%
  5.5%4.6%
  $50,321$37,638
  $77,771$69,021
  $94,167$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  0.9%6.8%
  13.7%10.0%
  0.4%2.5%
  10.2%11.0%
  2.4%4.8%
  0.7%0.8%
  1.5%1.9%
  11.0%4.7%
  2.5%1.9%
  4.6%7.6%
  1.0%0.1%
  2.9%4.2%
  8.9%9.3%
  16.5%14.0%
  3.2%2.1%
  6.4%7.0%
  7.1%4.8%
  6.2%4.7%
Reviews for Fairlawn
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Over 18 years ago

I graduated from Copley-Fairlawn School District and it was a magnificent public school education that has served me very well. There's not a whole lot in the  More

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