Vermilion, OH is a great place to live for those seeking an affordable cost of living. The median 2 bedroom rent in Vermilion is $1,150 compared to the US average of $1,430. Grocery cost index in Vermilion is 97 indicating that groceries are cheaper than the national average. Residents can find plenty of local companies and services in Vermilion; some popular ones include Lakeland Auto Sales, Lakeside Yacht Club, and Rogers Tree Service. For entertainment options, visitors can visit the Inland Seas Maritime Museum, Brownhelm Historical Association or take a drive down Lake Shore Blvd. With its affordability and variety of amenities, Vermilion is a desirable place to live!
Vermilion has an unemployment rate of 4.2%. The US average is 6.0%.
Vermilion 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 24.7%, which is lower than the US average of 33.5%.
Tax Rates for Vermilion
- The Sales Tax Rate for Vermilion is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Vermilion is 4.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Vermilion
- The average income of a Vermilion resident is $27,521 a year. The US average is $28,555 a year.
- The Median household income of a Vermilion resident is $69,080 a year. The US average is $69,021 a year.