Silverton, OH is a small town located in the state of Ohio. It has an affordable cost of living, with 2 bedroom rent averaging at $1,130 which is significantly cheaper than the national average, which is $1,430. Grocery costs are also comparatively lower in Silverton; the Grocery Cost Index for Silverton is 99 while the index for the US stands at 100. The local economy is vibrant with multiple companies providing jobs and services to citizens of the city. Major employers include P&G, Kroger, Speedway LLC and Mercedes-Benz USA. There are also plenty of other local businesses like Tims Auto Care Center offering automotive services; Joy’s Health Club providing fitness classes; River City Glass & Mirror providing glass installation services; and Tri-State Office Furniture offering office furniture solutions to name just a few.
Silverton has an unemployment rate of 4.4%. The US average is 6.0%.
Silverton 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 30.6%, which is lower than the US average of 33.5%.
Tax Rates for Silverton
- The Sales Tax Rate for Silverton is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Silverton is 4.6%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Silverton
- The average income of a Silverton resident is $27,251 a year. The US average is $28,555 a year.
- The Median household income of a Silverton resident is $46,029 a year. The US average is $69,021 a year.