Eldorado, OH is a small town located in Preble County with a population around 1,100 people. It's known for its low cost of living and housing – the average rent for a two bedroom is only $790 compared to the national average of $1,430. The cost of groceries and other goods is also relatively cheaper than the US average; the Grocery Cost Index in Eldorado is 95 compared to 100 in the US.
Even though it's a small town, Eldorado has plenty to offer. There are many local businesses such as Baumgartner Meats, a family-run butcher shop that has been running since 1929, or Pitsenbarger’s Hardware Store which supplies everyday needs and offers a full range of products from electronics to outdoor supplies. For those looking for activities there are plenty of parks including Carter Park and Triangle Park with trails perfect for hiking or biking.
Eldorado has an unemployment rate of 3.7%. The US average is 6.0%.
Eldorado has seen the job market decrease by -3.5% over the last year. Future job growth over the next ten years is predicted to be 30.8%, which is lower than the US average of 33.5%.
Tax Rates for Eldorado
- The Sales Tax Rate for Eldorado is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Eldorado 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 Eldorado
- The average income of a Eldorado resident is $27,111 a year. The US average is $37,638 a year.
- The Median household income of a Eldorado resident is $61,000 a year. The US average is $69,021 a year.