Chippewa Lake, OH is a small town located in Medina County. It's known for its lovely lakefronts and plenty of recreational activities such as fishing and boating. The cost of living in Chippewa Lake is lower than that of the U.S., with a 2 bedroom rent at $1,090 compared to $1,430 nationally; similarly, grocery costs are 96 vs 100 in the US overall. Popular local companies include Chippewa Lake Country Club, Foster's Sports Bar & Grill, and the Beach House Bar & Grill. In summary, Chippewa Lake is an ideal place to live for those who enjoy outdoor activities and are looking for an affordable place to reside.
Chippewa Lake has an unemployment rate of 3.3%. The US average is 6.0%.
Chippewa Lake has seen the job market decrease by -10.0% over the last year. Future job growth over the next ten years is predicted to be 26.3%, which is lower than the US average of 33.5%.
Tax Rates for Chippewa Lake
- The Sales Tax Rate for Chippewa Lake is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Chippewa Lake 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 Chippewa Lake
- The average income of a Chippewa Lake resident is $36,538 a year. The US average is $37,638 a year.
- The Median household income of a Chippewa Lake resident is $71,389 a year. The US average is $69,021 a year.