Lordstown, OH is a small village located in Trumbull County. The city is home to some notable companies such as General Motors Lordstown Assembly Plant, American Standard Manufacturing, and Thompson Products. Residents of Lordstown enjoy relatively low housing cost with 2 bedroom rent averaging $790 compared to $1,430 in the US. Additionally, the Grocery Cost Index in Lordstown is 96 versus 100 in the US meaning grocery prices are lower than the national average. As such, living in Lordstown offers an affordable lifestyle without compromising quality of life.
Lordstown has an unemployment rate of 6.4%. The US average is 6.0%.
Lordstown has seen the job market decrease by -1.1% over the last year. Future job growth over the next ten years is predicted to be 13.2%, which is lower than the US average of 33.5%.
Tax Rates for Lordstown
- The Sales Tax Rate for Lordstown is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Lordstown is 4.2%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Lordstown
- The average income of a Lordstown resident is $26,455 a year. The US average is $28,555 a year.
- The Median household income of a Lordstown resident is $61,944 a year. The US average is $69,021 a year.