Shaker Heights, OH is an affluent suburb of Cleveland that is known for its excellent schools and diverse housing options. The city is home to many businesses such as Shaker Square Cinema, Van Aken Shopping Center, and Nature's Bin Health Food Store. The cost of living in Shaker Heights is slightly less than the US average, with a two bedroom rent of $1,210 compared to $1,430 nationally and a Grocery Cost Index of 98 versus 100 in the US. Although there is no official population count due to its unique governance system with five villages within one city limits, it is estimated that around 28,400 people call Shaker Heights home.
Shaker Heights has an unemployment rate of 4.6%. The US average is 6.0%.
Shaker Heights 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 24.7%, which is lower than the US average of 33.5%.
Tax Rates for Shaker Heights
- The Sales Tax Rate for Shaker Heights is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Shaker Heights is 5.2%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Shaker Heights
- The average income of a Shaker Heights resident is $49,650 a year. The US average is $28,555 a year.
- The Median household income of a Shaker Heights resident is $92,463 a year. The US average is $69,021 a year.