Magnolia, OH is a small town located in Stark County. It is known for its low cost of living, with the average two bedroom rent being $790 compared to the national average of $1,430. Groceries and other commodities are also relatively inexpensive here with a grocery cost index of 97 compared to the US's 100. Local companies include Magnolia Auto Parts, Magnolia Heat and Air Conditioning, and Magnolia Veterinary Clinic. The town has something for everyone, from shopping to dining to outdoor activities. With its friendly atmosphere and low costs of living, this town is sure to make a great place to call home.
Magnolia has an unemployment rate of 5.4%. The US average is 6.0%.
Magnolia has seen the job market decrease by -5.0% over the last year. Future job growth over the next ten years is predicted to be 24.0%, which is lower than the US average of 33.5%.
Tax Rates for Magnolia
- The Sales Tax Rate for Magnolia is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Magnolia 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 Magnolia
- The average income of a Magnolia resident is $31,419 a year. The US average is $37,638 a year.
- The Median household income of a Magnolia resident is $73,676 a year. The US average is $69,021 a year.