Waterford, OH is a beautiful city located in Ohio. It is home to many local businesses such as the Waterford Public Library, A&K Electric LLC, and Mohawk Valley Lumber Company. The cost of rent for a two bedroom in Waterford is significantly lower than the US average at $770 per month compared to $1,430 nationwide. Other costs of living such as groceries are also more affordable with Waterford having an index of 100 versus 100 in the US.
Waterford has an unemployment rate of 5.1%. The US average is 6.0%.
Waterford has seen the job market decrease by -0.5% over the last year. Future job growth over the next ten years is predicted to be 17.2%, which is lower than the US average of 33.5%.
Tax Rates for Waterford
- The Sales Tax Rate for Waterford is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Waterford 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 Waterford
- The average income of a Waterford resident is $21,295 a year. The US average is $28,555 a year.
- The Median household income of a Waterford resident is $51,818 a year. The US average is $69,021 a year.