London, OH is a small city located in Madison County with a population of about 10,000 people. This small city offers beautiful views and plenty of outdoor activities for its residents. It is also home to many well-known companies such as Honda Motor Company, Global Connections to Employment, and MedFlight. London is a great place to live because the cost of living is relatively low compared to other cities across the United States. The average rent for a two bedroom apartment in London is $1,040, which is significantly lower than the national average of $1,430. Additionally, the grocery cost index in London is 98 versus 100 in the US making it even more affordable to live here.
London has an unemployment rate of 3.9%. The US average is 6.0%.
London has seen the job market decrease by -3.1% over the last year. Future job growth over the next ten years is predicted to be 27.0%, which is lower than the US average of 33.5%.
Tax Rates for London
- The Sales Tax Rate for London is 7.0%. The US average is 7.3%.
- The Income Tax Rate for London is 4.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for London
- The average income of a London resident is $31,402 a year. The US average is $37,638 a year.
- The Median household income of a London resident is $58,606 a year. The US average is $69,021 a year.