Andover, OH Economy


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Andover, Ohio is a small town located near the Pennsylvania border with a population of about 830 people. It offers affordable living as evidenced by its two-bedroom rent being $800 compared to the US average of $1,430. The cost of groceries here is also lower than the national average with an index number of 94 versus 100 in the US. This makes it a great place for those looking for affordable living.
The town has several local business including Andover Auto Repair and Towing, Andover Hardware Store, and Andover Family Diner. These businesses provide locals with everything necessary for day-to-day life. The town also has several parks for outdoor activities like camping, fishing and hiking, making it a great spot to spend time outdoors and enjoy some fresh air. The area also offers some great shopping opportunities from antique stores to flea markets selling unique items from days gone by.
Overall, Andover is a great place to live especially if you're looking for an affordable option that still provides all of the comforts of home in a small town atmosphere. With its low rent and grocery costs combined with plenty of local businesses and recreational activities, there's something here for everyone!

Andover has an unemployment rate of 5.1%. The US average is 6.0%.

Andover has seen the job market decrease by -5.7% over the last year. Future job growth over the next ten years is predicted to be 22.7%, which is lower than the US average of 33.5%.

Tax Rates for Andover
- The Sales Tax Rate for Andover is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Andover is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Andover
- The average income of a Andover resident is $19,187 a year. The US average is $37,638 a year.
- The Median household income of a Andover resident is $33,333 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyAndover, OhioUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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