Mentor-on-the-Lake, OH is a scenic city located along Lake Erie in Ohio. It is known for its picturesque views and friendly people. It has a variety of local companies such as Fisher Manufacturing Inc., Mentor Lagoons Marina & Yacht Club, and Great Lakes Mall that offer residents a wide range of goods and services. The cost of living in Mentor-on-the-Lake is generally lower than the US average with a 2 bedroom rent at $1,080 compared to the US average of $1,430 and a Grocery Cost Index rating of 99 versus 100 in the US. This makes it an attractive place to live for those looking for a laid back lifestyle at an affordable price.
Mentor-on-the-Lake has an unemployment rate of 4.5%. The US average is 6.0%.
Mentor-on-the-Lake 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 24.5%, which is lower than the US average of 33.5%.
Tax Rates for Mentor-on-the-Lake
- The Sales Tax Rate for Mentor-on-the-Lake is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Mentor-on-the-Lake 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-on-the-Lake
- The average income of a Mentor-on-the-Lake resident is $25,561 a year. The US average is $28,555 a year.
- The Median household income of a Mentor-on-the-Lake resident is $56,532 a year. The US average is $69,021 a year.