Avon Lake, OH is a great place to live with a friendly community and plenty of local businesses. The city is home to several large employers including the Avon Lake Municipal Utilities, The Kroger Company, and the Black River Education Association. Due to its close proximity to Cleveland, residents also have easy access to many larger companies. The cost of living in Avon Lake is higher than most places in Ohio due to its desirable location near Lake Erie. Specifically, the rent for a two-bedroom apartment is around $1,510 per month compared to the US average of $1,430. Additionally, groceries are slightly more expensive at an index of 103 versus the US index of 100. Despite this slightly elevated cost of living, Avon Lake has much to offer for those looking for a safe and welcoming community close to nearby cities.
Avon Lake has an unemployment rate of 4.2%. The US average is 6.0%.
Avon Lake has seen the job market increase by 0.8% 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 Avon Lake
- The Sales Tax Rate for Avon Lake is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Avon Lake 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 Avon Lake
- The average income of a Avon Lake resident is $41,195 a year. The US average is $28,555 a year.
- The Median household income of a Avon Lake resident is $95,121 a year. The US average is $69,021 a year.