Mentor, OH Economy


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Mentor, OH is a great place to live. It offers a variety of activities to explore and experience. The city is home to renowned businesses such as Mentor Public Schools, Lakeshore Technical College, and Lake Health. Healthcare centers like Cleveland Clinic and University Hospitals also have locations in Mentor. The cost of living in Mentor is quite reasonable with an average two bedroom rent of $1,080 compared to the US average of $1,430. Grocery costs are also lower than the national average index; 99 for Mentor versus 100 for the US. Overall, Mentor is an affordable place to live with plenty of opportunities for entertainment and employment.

Mentor has an unemployment rate of 4.3%. The US average is 6.0%.

Mentor has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 25.1%, which is lower than the US average of 33.5%.

Tax Rates for Mentor
- The Sales Tax Rate for Mentor is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Mentor 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 Mentor
- The average income of a Mentor resident is $33,136 a year. The US average is $28,555 a year.
- The Median household income of a Mentor resident is $79,261 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyMentor, OhioUnited States
  4.36
  -10.1%-6.2%
  25.1%33.5%
  7.0%6.2%
  5.5%4.6%
  $39,153$37,638
  $79,261$69,021
  $95,427$85,028
  Population by Occupation
  0.1%1.2%
  0.1%0.5%
  4.8%6.8%
  19.6%10.0%
  3.4%2.5%
  10.9%11.0%
  2.8%4.8%
  0.7%0.8%
  1.0%1.9%
  6.1%4.7%
  1.7%1.9%
  6.3%7.6%
  0.2%0.1%
  3.5%4.2%
  8.7%9.3%
  13.8%14.0%
  1.4%2.1%
  6.4%7.0%
  4.9%4.8%
  3.6%4.7%
Reviews for Mentor
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Over 11 years ago

There are some things about Mentor that are great, the schools are very good and the people (generally) friendly. The biggest issue I have had with the city is the  More

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Over 17 years ago

Snows from about October or November until approximately mid-to-late March, though one year it snowed until nearly June! Used to have four distinct seasons, but now  More

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Over 17 years ago

The City of Mentor ranks 7th in the state of Ohio interms of the number of manufacturing firms, and 10th in terms of the number of individuals involved in manufacturing  More

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