Lake Tomahawk, OH is a small town located in the northeast part of Ohio. The area offers plenty of local companies such as Lake Tomahawk Accounting, Lake Tomahawk Auto Repair, and Lake Tomahawk Hair & Beauty Salon. Living in this area can be quite affordable with 2 bedroom rent averaging $820 per month. This is significantly lower than the US average which is $1,430 per month. Grocery costs are also quite low with an index of 98 compared to the US at 100 which makes it a great spot to live for those looking for affordability.
Lake Tomahawk has an unemployment rate of 5.4%. The US average is 6.0%.
Lake Tomahawk has seen the job market decrease by -1.3% over the last year. Future job growth over the next ten years is predicted to be 13.9%, which is lower than the US average of 33.5%.
Tax Rates for Lake Tomahawk
- The Sales Tax Rate for Lake Tomahawk is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Lake Tomahawk 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 Tomahawk
- The average income of a Lake Tomahawk resident is $46,716 a year. The US average is $28,555 a year.
- The Median household income of a Lake Tomahawk resident is $84,559 a year. The US average is $69,021 a year.