Payne, OH is a small town located in Northwest Ohio. It is home to about 600 people and offers an affordable living option for those looking to rent. The average 2 bedroom rent for Payne is $810 which is significantly lower than the US average of $1,430. Additionally, the grocery cost index in Payne is 90 versus 100 in the US making it an even more appealing option for families or those on a budget. For employment opportunities, the town has several local companies such as Quality Seeds Inc., Turner Ready Mix Inc., and Hillside Farms Dairy. Payne offers residents a quiet community while providing access to larger cities nearby.
Payne has an unemployment rate of 3.8%. The US average is 6.0%.
Payne has seen the job market decrease by -0.3% over the last year. Future job growth over the next ten years is predicted to be 23.0%, which is lower than the US average of 33.5%.
Tax Rates for Payne
- The Sales Tax Rate for Payne is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Payne 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 Payne
- The average income of a Payne resident is $23,425 a year. The US average is $28,555 a year.
- The Median household income of a Payne resident is $53,125 a year. The US average is $69,021 a year.