Gates Mills, OH is a small town in Cuyahoga County with a population of around 2,270. This small township is filled with historic charm and scenic views of the Chagrin River Valley. The city's proximity to Cleveland allows for easy access to employment opportunities and downtown cultural attractions. Additionally, Gates Mills boasts low housing costs compared to the US average and a grocery cost index of 109 compared to 100 nationally—making it an attractive location for prospective residents looking for affordable living options.
In terms of local business, Gates Mills has plenty to offer. The most notable businesses include Gates Mills Recycling Center, Pennington Life Insurance Company, Bradco Supply Inc., Solon Lock and Safe Co., and Technical Manufacturing Corporation Ltd. Tourist attractions in the area include RiverStone Farm Park with its sprawling nature trails and outdoor activities as well as Hathaway-Myers Chapel which has been a staple of the community since 1833. All these amenities make Gates Mills an ideal place for families looking for an affordable yet enjoyable place to live.
Gates Mills has an unemployment rate of 5.5%. The US average is 6.0%.
Gates Mills has seen the job market increase by 1.0% over the last year. Future job growth over the next ten years is predicted to be 23.4%, which is lower than the US average of 33.5%.
Tax Rates for Gates Mills
- The Sales Tax Rate for Gates Mills is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Gates Mills 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 Gates Mills
- The average income of a Gates Mills resident is $72,256 a year. The US average is $28,555 a year.
- The Median household income of a Gates Mills resident is $201,250 a year. The US average is $69,021 a year.