Bailey Lakes, OH is a small town with a population of approximately 3,000 people located in the state of Ohio. It is known for its rural atmosphere and friendly community. Despite its small size, Bailey Lakes provides a wide range of activities such as fishing, canoeing, and hiking. The average rent for a two bedroom apartment in Bailey Lakes is $940 compared to the national average of $1,430. Additionally, groceries are relatively cheaper than other cities with an index value of 97 in comparison to 100 nationally. There are several local companies such as The Bailey General store which specializes in organic produce and fresh meats and Sparks Insurance Agency which provide comprehensive insurance coverage for auto and home owners. Overall, Bailey Lakes is an affordable town with lots of recreational activities to enjoy.
Bailey Lakes has an unemployment rate of 4.0%. The US average is 6.0%.
Bailey Lakes has seen the job market decrease by -4.0% over the last year. Future job growth over the next ten years is predicted to be 24.8%, which is lower than the US average of 33.5%.
Tax Rates for Bailey Lakes
- The Sales Tax Rate for Bailey Lakes is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Bailey Lakes is 3.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Bailey Lakes
- The average income of a Bailey Lakes resident is $34,592 a year. The US average is $37,638 a year.
- The Median household income of a Bailey Lakes resident is $58,750 a year. The US average is $69,021 a year.