Octa, OH is a small town located in Ohio. It has a relatively low rent and grocery cost compared to other cities across the US, making it an attractive destination for those looking to move. Some of the local businesses that add to Octa's economy are Octa-Mart, a family-owned grocer; The Paper Factory, a paper supplier; and SmallTown Security Solutions, which offers security services and technology. These businesses contribute to keeping local costs down while providing employment opportunities for residents.
Octa has an unemployment rate of 4.7%. The US average is 6.0%.
Octa has seen the job market decrease by -3.1% over the last year. Future job growth over the next ten years is predicted to be 27.5%, which is lower than the US average of 33.5%.
Tax Rates for Octa
- The Sales Tax Rate for Octa is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Octa 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 Octa
- The average income of a Octa resident is $17,575 a year. The US average is $37,638 a year.
- The Median household income of a Octa resident is $35,625 a year. The US average is $69,021 a year.