Otway, OH is a small town in Ohio that offers a comfortable living with a lower cost of living than the US. The average 2 bedroom rent in Otway is $810 compared to $1,430 in the US. Grocery costs in Otway are also lower with an index of 95 versus 100 in the US. The town has several locally owned businesses such as Otway Hardware Store, a family-owned business for over 40 years, and Otway General Store that sells home goods and food items. Its cozy atmosphere makes it a great place to call home for those looking for an affordable lifestyle without sacrificing quality of life.
Otway has an unemployment rate of 5.5%. The US average is 6.0%.
Otway has seen the job market decrease by -1.0% 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 Otway
- The Sales Tax Rate for Otway is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Otway 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 Otway
- The average income of a Otway resident is $9,815 a year. The US average is $28,555 a year.
- The Median household income of a Otway resident is $31,111 a year. The US average is $69,021 a year.