Geneva-on-the-Lake, OH Economy


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Geneva-on-the-Lake, OH is a small town in the United States located on the shore of Lake Erie in Ashtabula County. It has become a popular tourist destination due to its proximity to many outdoor attractions such as golf courses, wineries, and historic sites. Rent for a two bedroom apartment in Geneva-on-the-Lake is significantly lower than the US average of $1,430. Additionally, grocery costs are also cheaper here than the national average. Popular local companies in this area include Kenny’s Marina (a full service marina situated on Lake Erie), Off the Vine Winery (an award winning winery that offers tastings and events), and Skippin’ Stones (a restaurant serving up fresh seafood with lake views).

Geneva-on-the-Lake has an unemployment rate of 5.1%. The US average is 6.0%.

Geneva-on-the-Lake has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 22.7%, which is lower than the US average of 33.5%.

Tax Rates for Geneva-on-the-Lake
- The Sales Tax Rate for Geneva-on-the-Lake is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Geneva-on-the-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 Geneva-on-the-Lake
- The average income of a Geneva-on-the-Lake resident is $16,556 a year. The US average is $28,555 a year.
- The Median household income of a Geneva-on-the-Lake resident is $43,686 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyGeneva-on-the-Lake, OhioUnited States
  5.16
  -5.7%-6.2%
  22.7%33.5%
  6.8%6.2%
  4.5%4.6%
  $30,604$37,638
  $43,686$69,021
  $71,563$85,028
  Population by Occupation
  0.9%1.2%
  0.0%0.5%
  2.3%6.8%
  28.2%10.0%
  4.7%2.5%
  19.3%11.0%
  0.2%4.8%
  0.0%0.8%
  0.7%1.9%
  4.2%4.7%
  1.4%1.9%
  2.1%7.6%
  0.0%0.1%
  4.2%4.2%
  3.3%9.3%
  9.6%14.0%
  0.7%2.1%
  11.4%7.0%
  3.0%4.8%
  3.7%4.7%
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