Martinsville, OH is an affordable place to live. The 2 bedroom rent in the area is $850 compared to the US average of $1,430. Additionally, grocery cost index in Martinsville is 96 versus 100 in the US which makes living expenses more manageable. There are several companies operating in Martinsville including Ohio Valley Electric Corporation, EG Industries, and A&W Alloy. These businesses provide numerous job opportunities for local residents. All things considered, Martinsville offers a lower cost of living when compared with other locations making it an ideal place to call home.
Martinsville has an unemployment rate of 4.9%. The US average is 6.0%.
Martinsville has seen the job market decrease by -3.8% over the last year. Future job growth over the next ten years is predicted to be 34.2%, which is higher than the US average of 33.5%.
Tax Rates for Martinsville
- The Sales Tax Rate for Martinsville is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Martinsville 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 Martinsville
- The average income of a Martinsville resident is $18,925 a year. The US average is $37,638 a year.
- The Median household income of a Martinsville resident is $63,421 a year. The US average is $69,021 a year.