Euclid, OH is an affordable city with a lower 2 bedroom rental rate of $950 compared to the national average of $1,430. Additionally, Euclid's Grocery Cost Index is lower than the national average at 94 versus 100. As such, it offers an attractive cost of living for individuals and families looking to move to the area. Local companies in Euclid include KeyBank, which focuses on banking and financial services, Starwood Retail Partners providing retail shopping experiences, and Aleris Corporation that specializes in aluminum rolling and recycling services.
Euclid has an unemployment rate of 6.4%. The US average is 6.0%.
Euclid has seen the job market increase by 1.0% over the last year. Future job growth over the next ten years is predicted to be 21.8%, which is lower than the US average of 33.5%.
Tax Rates for Euclid
- The Sales Tax Rate for Euclid is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Euclid is 6.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Euclid
- The average income of a Euclid resident is $22,354 a year. The US average is $28,555 a year.
- The Median household income of a Euclid resident is $42,056 a year. The US average is $69,021 a year.