Macedonia, OH is a city located in Summit County. It has a population of 11,188 and is a vibrant community full of local businesses. These include popular companies such as Super Kmart, Acme Fresh Market, NTB Tire & Battery, AMC Theaters, and more. The local economy of Macedonia is characterized by quality services at competitive prices. For example, 2 bedroom rent in Macedonia is only $1,240 per month compared to the US average of $1,430. Grocery costs are also lower than the US average with an index score of 101 versus 100. This makes Macedonia a great place for both residents and businesses alike.
Macedonia has an unemployment rate of 5.7%. The US average is 6.0%.
Macedonia has seen the job market decrease by -5.4% 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 Macedonia
- The Sales Tax Rate for Macedonia is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Macedonia is 5.6%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Macedonia
- The average income of a Macedonia resident is $48,794 a year. The US average is $37,638 a year.
- The Median household income of a Macedonia resident is $97,897 a year. The US average is $69,021 a year.