Ada, OH is a small town located in Hardin county. It is known for its friendly, tight-knit community and competitive cost of living. The average 2 bedroom rent price in Ada is only $820 compared to the US average of $1,430. Additionally, the grocery cost index in Ada is 92 versus 100 in the US. This low cost of living allows residents to enjoy many amenities within the community such as locally owned businesses like Braun's Bakery, Tom & Chee Ada Grill and Pub, Honeysuckle Hill Farm, and GEM Stables. Also popular are local restaurants like Burrito Loco Café and Double D’s BBQ which serve up delicious food at affordable prices. With so much to offer, it's no wonder why Ada remains a desirable place to live and work.
Ada has an unemployment rate of 4.5%. The US average is 6.0%.
Ada has seen the job market decrease by -1.5% over the last year. Future job growth over the next ten years is predicted to be 18.7%, which is lower than the US average of 33.5%.
Tax Rates for Ada
- The Sales Tax Rate for Ada is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Ada is 4.9%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Ada
- The average income of a Ada resident is $14,107 a year. The US average is $28,555 a year.
- The Median household income of a Ada resident is $51,507 a year. The US average is $69,021 a year.