Hubbard, OH is a small city located in Trumbull County with a population of 7,220. The average two-bedroom rent in Hubbard is much lower than the national average at $820 versus $1,430. The local grocery cost index for this area is 95 which is slightly lower than the baseline index of 100 found nationally. A few local companies found in Hubbard include Visteon Corporation, Kiko’s Mexican Restaurant, and S&S Automotive Inc. The cost of living in Hubbard is relatively low compared to other cities across the nation making it an attractive destination for those seeking affordable housing and employment opportunities.
Hubbard has an unemployment rate of 6.4%. The US average is 6.0%.
Hubbard has seen the job market decrease by -1.1% over the last year. Future job growth over the next ten years is predicted to be 13.2%, which is lower than the US average of 33.5%.
Tax Rates for Hubbard
- The Sales Tax Rate for Hubbard is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Hubbard is 4.7%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Hubbard
- The average income of a Hubbard resident is $23,882 a year. The US average is $28,555 a year.
- The Median household income of a Hubbard resident is $56,220 a year. The US average is $69,021 a year.