Moreland Hills, OH is a small city in the Cleveland-Akron area with a population of 3,340. The town is beloved for its scenery and homes that are nestled among rolling hills and lush forests. The average rent for a two bedroom apartment in Moreland Hills is $1,520 which is slightly higher than the US average of $1,430. Groceries are also slightly more expensive here as the Grocery Cost Index stands at 106 versus 100 in the US. Although the cost of living is slightly higher than other areas, Moreland Hills still offers many financial opportunities. Local companies such as Heidelberg Distributing Company, Corning Incorporated, and Aqua Ohio service provide employment opportunities to locals and visitors alike. The city also boasts many amenities including recreational options such as Lake Breeze Park and Miles Farmers Market, entertainment venues like ThistleDown Racino, retail stores including Moreland Hills Hardware & Home Center, and eateries like Sage's Cafe & Bakery.
Moreland Hills has an unemployment rate of 5.5%. The US average is 6.0%.
Moreland Hills has seen the job market increase by 1.0% over the last year. Future job growth over the next ten years is predicted to be 23.4%, which is lower than the US average of 33.5%.
Tax Rates for Moreland Hills
- The Sales Tax Rate for Moreland Hills is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Moreland Hills is 4.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Moreland Hills
- The average income of a Moreland Hills resident is $74,708 a year. The US average is $28,555 a year.
- The Median household income of a Moreland Hills resident is $182,100 a year. The US average is $69,021 a year.