Minerva, OH is a small town located in Ohio that features a cost of living well below the national average. The 2-bedroom rent in Minerva is $780, which is significantly lower than the US average of $1,430. Additionally, the Grocery Cost index in Minerva is 96 compared to a baseline 100 for the US. This makes it a great place for individuals and families looking to save money on their monthly expenses without sacrificing amenities.
The town has many local businesses that make it unique such as vintage clothing shop called Retique Boutique, family-owned restaurant The Dutch Haus, and custom printing company Chatham Ink. There are also plenty of outdoor activities available such as kayaking on Deep Creek Lake or biking along the towpath trail at Cuyahoga Valley National Park. With its low cost of living and variety of local shops and activities, Minerva is an ideal place for those looking for a peaceful community with plenty to do.
Minerva has an unemployment rate of 5.4%. The US average is 6.0%.
Minerva has seen the job market increase by 0.1% 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 Minerva
- The Sales Tax Rate for Minerva is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Minerva is 4.7%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Minerva
- The average income of a Minerva resident is $19,863 a year. The US average is $28,555 a year.
- The Median household income of a Minerva resident is $45,571 a year. The US average is $69,021 a year.