Richville, OH Economy


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Richville, OH is a vibrant small town located in the Midwest. The city offers an affordable cost of living with two bedroom apartments renting at $850 compared to a national rate of $1,430. Groceries also come at a cost below the national average with the local grocery cost index clocking in at 96 compared to 100 nationally. Richville is home to many great companies such as Joe's Auto Repair, Omega Bakery and Pizza Paradise. These local businesses offer excellent services and products that make Richville an ideal place to call home.

Richville has an unemployment rate of 5.4%. The US average is 6.0%.

Richville has seen the job market increase by 0.1% over the last year. Future job growth over the next ten years is predicted to be 24.0%, which is lower than the US average of 33.5%.

Tax Rates for Richville
- The Sales Tax Rate for Richville is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Richville 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 Richville
- The average income of a Richville resident is $22,766 a year. The US average is $28,555 a year.
- The Median household income of a Richville resident is $69,188 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyRichville, OhioUnited States
  5.46
  -5.0%-6.2%
  24.0%33.5%
  6.5%6.2%
  3.5%4.6%
  $36,987$37,638
  $69,188$69,021
  $85,781$85,028
  Population by Occupation
  0.0%1.2%
  0.6%0.5%
  11.6%6.8%
  23.8%10.0%
  1.2%2.5%
  8.7%11.0%
  3.2%4.8%
  0.9%0.8%
  0.0%1.9%
  3.9%4.7%
  0.0%1.9%
  3.9%7.6%
  0.0%0.1%
  3.1%4.2%
  7.5%9.3%
  18.5%14.0%
  0.0%2.1%
  8.3%7.0%
  3.6%4.8%
  1.1%4.7%
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