Choctaw Lake, OH is a great place to live with lots of amenities and recreational activities. The average 2 bedroom rent in the area is $1,040 which is significantly lower than the US average of $1,430. Cost of living in general is also cheaper than the rest of the United States as evidenced by its Grocery Cost Index score of 98 compared to 100 nationally. There are many local businesses that make up Choctaw Lake's economy such as Momsen Drywall Solutions Inc., J&H Cleaning Service, and Reliable Tree Care Services LLC. Living in Choctaw Lake means you can enjoy all the benefits of a small town while having access to plenty of amenities compared to other nearby cities at a fraction of the cost.
Choctaw Lake has an unemployment rate of 3.9%. The US average is 6.0%.
Choctaw Lake has seen the job market decrease by -3.1% over the last year. Future job growth over the next ten years is predicted to be 27.0%, which is lower than the US average of 33.5%.
Tax Rates for Choctaw Lake
- The Sales Tax Rate for Choctaw Lake is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Choctaw 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 Choctaw Lake
- The average income of a Choctaw Lake resident is $47,733 a year. The US average is $37,638 a year.
- The Median household income of a Choctaw Lake resident is $107,269 a year. The US average is $69,021 a year.