Hanoverton, OH is a small town located in the Columbiana County of Ohio. The cost of living here is relatively low compared to the rest of the United States, with a 2 Bedroom Rent for only $820 compared to $1,430 on average nationally. The Grocery Cost Index here stands at 98 against 100 in the US.
The town is home to many local businesses such as Hanoverton Ace Hardware Store, which has been serving the community since 1947. There are also several interesting attractions that visitors can explore such as Township Park, where they can enjoy picnicking and other outdoor activities or visit the nearby historic Firestone Farm which exhibits a variety of farm animals and equipment.
Hanoverton has an unemployment rate of 5.4%. The US average is 6.0%.
Hanoverton has seen the job market decrease by -1.3% over the last year. Future job growth over the next ten years is predicted to be 13.9%, which is lower than the US average of 33.5%.
Tax Rates for Hanoverton
- The Sales Tax Rate for Hanoverton is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Hanoverton 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 Hanoverton
- The average income of a Hanoverton resident is $20,678 a year. The US average is $28,555 a year.
- The Median household income of a Hanoverton resident is $49,583 a year. The US average is $69,021 a year.