Hanover, OH is a small city located in western Ohio. It is an affordable place to live with a two-bedroom rent of only $930, much lower than the U.S. average of $1,430. Hanover's cost of living index is also lower than the U.S., at 96 versus 100, making it a great option for those looking for an inexpensive place to live. The city is home to several local companies including Sheetz Inc., AT&T, Walgreens Express and Tractor Supply Co. Hanover provides the convenience of city living with good job opportunities while still being more affordable than many other cities in the United States.
Hanover has an unemployment rate of 3.8%. The US average is 6.0%.
Hanover has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 32.7%, which is lower than the US average of 33.5%.
Tax Rates for Hanover
- The Sales Tax Rate for Hanover is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Hanover 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 Hanover
- The average income of a Hanover resident is $23,892 a year. The US average is $28,555 a year.
- The Median household income of a Hanover resident is $81,250 a year. The US average is $69,021 a year.