Beachwood, OH is a suburb of Cleveland located in Cuyahoga County. It's known for its diverse population and strong economy. The city is home to several large companies such as General Electric, IBM, and Sherwin-Williams. Beachwood offers many attractions and activities for visitors and locals alike. Visitors can enjoy the Beachwood Place Mall, Legacy Village outdoor shopping center, and a variety of parks including Shaker Lakes Park which offers fishing, boating, hiking trails and more. There are also plenty of restaurants, entertainment venues, galleries and other places to explore in this thriving Ohio city.
Beachwood has an unemployment rate of 5.5%. The US average is 6.0%.
Beachwood 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 Beachwood
- The Sales Tax Rate for Beachwood is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Beachwood is 5.2%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Beachwood
- The average income of a Beachwood resident is $55,478 a year. The US average is $28,555 a year.
- The Median household income of a Beachwood resident is $94,274 a year. The US average is $69,021 a year.