Cherry Grove, OH is an excellent place to live. It is a small city with plenty of local amenities and companies to choose from. Popular local companies include the Cherry Grove Bank, the Cherry Grove Grocery Store, and the Cherry Grove Cafe. The cost of living in Cherry Grove is lower than the national average, making it an affordable place to live. Rent for two-bedroom apartments is around $1,310 per month compared to the US average of $1,430 per month. The city also has a low grocery cost index of 102 versus the US average of 100. These factors make Cherry Grove a great destination for anyone looking for a cost-effective place to call home.
Cherry Grove has an unemployment rate of 4.4%. The US average is 6.0%.
Cherry Grove has seen the job market decrease by -4.7% over the last year. Future job growth over the next ten years is predicted to be 30.6%, which is lower than the US average of 33.5%.
Tax Rates for Cherry Grove
- The Sales Tax Rate for Cherry Grove is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Cherry Grove 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 Cherry Grove
- The average income of a Cherry Grove resident is $37,168 a year. The US average is $37,638 a year.
- The Median household income of a Cherry Grove resident is $94,223 a year. The US average is $69,021 a year.