Ithaca, OH is a small town located in central Ohio that offers its residents a surprisingly high quality of life. It features access to plenty of local amenities, with affordable two bedroom rent of $800 compared to the US average of $1,430. The cost of living is also significantly lower than the national average, as evidenced by its Grocery Cost Index score of 97 versus 100 in the US.
The local economy is powered by several thriving companies such as ITH Materials Inc., an industrial supplier specializing in abrasives and bonded products; L&S Tool Company Inc., a precision machine shop for custom tooling projects; and Zemlak Construction Co., which offers construction, remodeling and renovation services for both residential and commercial customers. All three businesses play an important role in keeping the local economy strong and providing jobs to members of the community.
Ithaca has an unemployment rate of 3.7%. The US average is 6.0%.
Ithaca has seen the job market decrease by -1.0% over the last year. Future job growth over the next ten years is predicted to be 24.0%, which is lower than the US average of 33.5%.
Tax Rates for Ithaca
- The Sales Tax Rate for Ithaca is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Ithaca 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 Ithaca
- The average income of a Ithaca resident is $14,846 a year. The US average is $28,555 a year.
- The Median household income of a Ithaca resident is $65,313 a year. The US average is $69,021 a year.