Oak Harbor, Ohio is a pleasant town of 5,646 people located on the banks of Lake Erie. Oak Harbor is known for its affordable living, with two bedroom apartments renting at $970 per month compared to the national average of $1,430. The grocery cost index in Oak Harbor is 93 versus 100 in the US, so it also has much lower costs for everyday items. Major employers in the area include Magruder Hospital and Toledotech Service Company. There are also many smaller business such as Perry's Fruit Farm and Coffee Dock Bakery. With its low cost of living and numerous employment opportunities, Oak Harbor makes an excellent place to live.
Oak Harbor has an unemployment rate of 6.3%. The US average is 6.0%.
Oak Harbor has seen the job market decrease by -0.9% over the last year. Future job growth over the next ten years is predicted to be 21.7%, which is lower than the US average of 33.5%.
Tax Rates for Oak Harbor
- The Sales Tax Rate for Oak Harbor is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Oak Harbor 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 Oak Harbor
- The average income of a Oak Harbor resident is $24,964 a year. The US average is $28,555 a year.
- The Median household income of a Oak Harbor resident is $50,714 a year. The US average is $69,021 a year.