Minford, Ohio is a small town located in Scioto County. It has a population of approximately 1,800 people and is home to many local businesses such as the Minford Lumber Company, the Minford Post Office, and Koons Farm Market. The cost of living in this area is relatively low compared to other parts of the country; two-bedroom rental units average $820 per month and the local grocery cost index stands at 98 compared to 100 in the US. Furthermore, living in Minford provides access to outdoor activities such as camping at nearby Lake White State Park or hiking on the trails at Shawnee State Forest. Residents can also enjoy shopping and dining at local restaurants like Staley’s Country Kitchen or Buffalo Wild Wings.
Minford has an unemployment rate of 5.5%. The US average is 6.0%.
Minford has seen the job market decrease by -1.6% over the last year. Future job growth over the next ten years is predicted to be 20.1%, which is lower than the US average of 33.5%.
Tax Rates for Minford
- The Sales Tax Rate for Minford is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Minford 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 Minford
- The average income of a Minford resident is $26,690 a year. The US average is $37,638 a year.
- The Median household income of a Minford resident is $0 a year. The US average is $69,021 a year.