Lake Mohawk, OH is a beautiful city in the central part of Ohio. It is known for its stunning lake views and picturesque landscapes. Lake Mohawk also offers an affordable cost of living which makes it attractive to people of all ages looking to settle down. The average rent for a two bedroom apartment is only $790 compared to the national average of $1,430, while the grocery cost index in Lake Mohawk is 98 compared to 100 in the US.
The city boasts many companies such as Mikes Heating & Cooling, Inc., The Limited Too Corporation, JD Realty LLC., Sterling State Bank and Shelter Insurance Company. There are also numerous small businesses located around the area including bakeries, restaurants, florists and auto shops that cater to both locals and visitors alike. With its low cost of living and plethora of business opportunities, it is no wonder why so many people choose to call Lake Mohawk home.
Lake Mohawk has an unemployment rate of 5.4%. The US average is 6.0%.
Lake Mohawk has seen the job market decrease by -0.3% over the last year. Future job growth over the next ten years is predicted to be 22.3%, which is lower than the US average of 33.5%.
Tax Rates for Lake Mohawk
- The Sales Tax Rate for Lake Mohawk is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Lake Mohawk 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 Lake Mohawk
- The average income of a Lake Mohawk resident is $41,860 a year. The US average is $28,555 a year.
- The Median household income of a Lake Mohawk resident is $85,365 a year. The US average is $69,021 a year.