Brady Lake, OH is a small, peaceful town located near Akron and Cleveland. Despite its size, it has many amenities to offer its residents. For instance, the rent for a two bedroom apartment in Brady Lake is significantly lower than the US average at $1,030 per month compared to $1,430. Additionally, living in Brady Lake is cheaper due to the lower grocery cost index which stands at 97 versus 100 in the US.
The town of Brady Lake also has several local companies that contribute to its economy. Examples include Brady Glass Company, which specializes in glass installation and repair services; Halliday Lawn Care & Landscaping which offers lawn care and landscaping services; K&K Heating & Cooling for HVAC maintenance; and Northern Ohio Insurance Agency that provides extensive insurance options for businesses and individuals alike.
Brady Lake has an unemployment rate of 4.8%. The US average is 6.0%.
Brady 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 26.4%, which is lower than the US average of 33.5%.
Tax Rates for Brady Lake
- The Sales Tax Rate for Brady Lake is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Brady Lake is 4.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Brady Lake
- The average income of a Brady Lake resident is $23,170 a year. The US average is $28,555 a year.
- The Median household income of a Brady Lake resident is $43,333 a year. The US average is $69,021 a year.