Bay Village, OH is a great place to live. Located in Cuyahoga County, it has an estimated population of 15,651, making it the perfect size for those looking for a comfortable place to call home. The cost of living is much lower than the US average with two bedroom rentals costing $1,270 and grocery costs being 3 percent higher than the national average. Bay Village has numerous local businesses including Detroit Shoreway Community Development Organization which provides assistance for home buyers, and Bay Days Festival which celebrates the history of this wonderful city. There are plenty of recreational options available as well, with activities such as visiting Lake Erie beaches or playing softball at Cahoon Park. Bay Village is an ideal place to settle down in with its low cost of living and plethora of activities and businesses to explore.
Bay Village has an unemployment rate of 5.5%. The US average is 6.0%.
Bay Village 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 23.4%, which is lower than the US average of 33.5%.
Tax Rates for Bay Village
- The Sales Tax Rate for Bay Village is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Bay Village 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 Bay Village
- The average income of a Bay Village resident is $45,493 a year. The US average is $28,555 a year.
- The Median household income of a Bay Village resident is $111,516 a year. The US average is $69,021 a year.