Archbold, Ohio is a small town located in the northwest corner of the state. It is home to several businesses including Garmong Construction, Nafziger Lumber Company, and Archbold Equipment. The cost of living in Archbold is very affordable compared to other areas as evidenced by the fact that two bedroom rent is only $810, which is significantly lower than the national average of $1,430. Additionally, the Grocery Cost Index in Archbold is 93 versus 100 in the US, further indicating that it is an economical option for those looking to live somewhere with a lower cost of living.
Archbold has an unemployment rate of 4.3%. The US average is 6.0%.
Archbold has seen the job market decrease by -0.8% over the last year. Future job growth over the next ten years is predicted to be 23.6%, which is lower than the US average of 33.5%.
Tax Rates for Archbold
- The Sales Tax Rate for Archbold is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Archbold 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 Archbold
- The average income of a Archbold resident is $24,710 a year. The US average is $28,555 a year.
- The Median household income of a Archbold resident is $63,711 a year. The US average is $69,021 a year.