Lafferty, OH is a small town located in the Midwestern United States. It has a population of 2,000 people and is known for its friendly atmosphere and low cost of living. The average cost of a two bedroom rental in Lafferty is $970 compared to the national average of $1,430. Additionally, the grocery cost index in Lafferty is 96 as compared to 100 in the US.
The local economy supports many small businesses including Johnson’s Bakery, Miller’s Grocery Store and Pattersons Home Improvement Store. These local stores provide residents with daily necessities at an affordable price and are well-known in the area. Overall, Lafferty provides its citizens with a comfortable lifestyle due to its low cost of living when compared to other areas throughout the country.
Lafferty has an unemployment rate of 5.8%. The US average is 6.0%.
Lafferty has seen the job market decrease by -0.8% over the last year. Future job growth over the next ten years is predicted to be 17.5%, which is lower than the US average of 33.5%.
Tax Rates for Lafferty
- The Sales Tax Rate for Lafferty is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Lafferty 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 Lafferty
- The average income of a Lafferty resident is $20,142 a year. The US average is $28,555 a year.
- The Median household income of a Lafferty resident is $85,000 a year. The US average is $69,021 a year.