Gratiot, OH is a small rural town located in Licking County. It is the home to a growing community of local businesses and services. One notable company in Gratiot is May's Farm, an agricultural operation that grows and distributes locally grown produce throughout the area. Additionally, there are many restaurants and shops located throughout Gratiot, including The Grill at May's Farm and The Coffee Table Café. The average two-bedroom rent in Gratiot is lower than the US average of $1,430; it costs about $1,120 per month. Grocery cost index in Gratiot is 97 compared to 100 for the US on average. This makes living expenses more affordable for residents of Gratiot.
Gratiot has an unemployment rate of 3.8%. The US average is 6.0%.
Gratiot has seen the job market decrease by -3.3% over the last year. Future job growth over the next ten years is predicted to be 32.7%, which is lower than the US average of 33.5%.
Tax Rates for Gratiot
- The Sales Tax Rate for Gratiot is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Gratiot 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 Gratiot
- The average income of a Gratiot resident is $28,460 a year. The US average is $37,638 a year.
- The Median household income of a Gratiot resident is $63,077 a year. The US average is $69,021 a year.