Mendon, OH is a small city with a population of around 1,000 people. It is a great place to live as rental costs are more affordable than the US average. The two bedroom rent in Mendon is $820 compared to the national average of $1,430. Grocery cost index in Mendon is also lower than the US average at 91 versus 100.
The city has several local companies operating in different sectors such as manufacturing, retail trade services, health care services and construction. Examples of local employers include A&E Metals, Hometown Cablevision, R & D Farms Inc., and Village Cyclery. The manufacturing sector plays an important role in Mendon’s economy with companies such as A&E Metals and Hometown Cablevision providing jobs for residents. Retail trade services like R & D Farms Inc. and Village Cyclery provide additional employment opportunities for locals while health care services offer a wide range of medical treatments and services to the community. Finally, the construction sector provides housing options to meet the needs of both current and future residents of Mendon.
Mendon has an unemployment rate of 2.8%. The US average is 6.0%.
Mendon has seen the job market decrease by 0.0% over the last year. Future job growth over the next ten years is predicted to be 32.4%, which is lower than the US average of 33.5%.
Tax Rates for Mendon
- The Sales Tax Rate for Mendon is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Mendon 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 Mendon
- The average income of a Mendon resident is $18,698 a year. The US average is $28,555 a year.
- The Median household income of a Mendon resident is $53,864 a year. The US average is $69,021 a year.