Richfield, OH is a vibrant small city located in the Midwest. It has many local businesses that contribute to its economy and character. Companies such as Richfield Hardware and Appleseed Bakery have made their mark in the local community. The cost of living in Richfield is lower than the national average. Rent for a two bedroom unit in Richfield costs $1,200 compared to $1,430 across the US. Additionally, the Grocery Cost Index in Richfield is 104 versus 100 nationally - meaning that groceries are only slightly more expensive than the national average. Overall, Richfield is an affordable city with plenty of options to explore!
Richfield has an unemployment rate of 5.7%. The US average is 6.0%.
Richfield has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 26.4%, which is lower than the US average of 33.5%.
Tax Rates for Richfield
- The Sales Tax Rate for Richfield is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Richfield 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 Richfield
- The average income of a Richfield resident is $42,539 a year. The US average is $28,555 a year.
- The Median household income of a Richfield resident is $67,404 a year. The US average is $69,021 a year.