Lake Lorelei, OH is a charming small town located in rural Ohio, with a population of about 8,000 people. Though small, the town offers plenty of amenities to its residents, including several local businesses such as Brown’s Farm Market and Lorelei Cafe. The cost of living is affordable compared to national averages—a 2 bedroom apartment rents for $1,050 compared to the $1,430 US average; while the Grocery Cost Index in Lake Lorelei is 97 versus 100 in the US. For those looking for a small-town feel without breaking the bank, Lake Lorelei may be an ideal place to call home.
Lake Lorelei has an unemployment rate of 4.9%. The US average is 6.0%.
Lake Lorelei has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 26.4%, which is lower than the US average of 33.5%.
Tax Rates for Lake Lorelei
- The Sales Tax Rate for Lake Lorelei is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Lake Lorelei 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 Lorelei
- The average income of a Lake Lorelei resident is $25,990 a year. The US average is $28,555 a year.
- The Median household income of a Lake Lorelei resident is $84,375 a year. The US average is $69,021 a year.