Carbon Hill, OH is a small town located in central Ohio. It has a population of around 2,000 people and is known for its rural charm. The area is home to many local businesses such as Carbon Hill Meats and Groceries, Coffee Shop Cafe, and The Corner Store. Despite being a small city, the cost of living in Carbon Hill is quite low as rent for two bedroom apartments averages $930 per month compared to $1,430 across the US. Additionally, grocery prices are 94 compared to 100 across the US. This provides plenty of opportunities for residents of Carbon Hill to save money on everyday expenses. The median salary in Carbon Hill is roughly $40,000 per year which allows individuals to live comfortably while simultaneously saving money.
Carbon Hill has an unemployment rate of 4.6%. The US average is 6.0%.
Carbon Hill has seen the job market decrease by -3.4% over the last year. Future job growth over the next ten years is predicted to be 28.5%, which is lower than the US average of 33.5%.
Tax Rates for Carbon Hill
- The Sales Tax Rate for Carbon Hill is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Carbon Hill 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 Carbon Hill
- The average income of a Carbon Hill resident is $24,410 a year. The US average is $37,638 a year.
- The Median household income of a Carbon Hill resident is $0 a year. The US average is $69,021 a year.