Painesville, OH is a great city to live in, providing an affordable cost of living and plenty of fun activities. The average rent for a two-bedroom apartment in Painesville is $990 a month, much lower than the national average of $1,430. Additionally, Painesville has an average grocery cost index of 97 compared to the US average of 100, so it's a great place to save money on the essentials as well. There are many local businesses in Painesville including The Home Depot, Walmart Supercenter, CVS Pharmacy, and PNC Bank. All these business offer convenient services for residents and visitors alike.
Painesville has an unemployment rate of 4.5%. The US average is 6.0%.
Painesville has seen the job market decrease by -10.1% over the last year. Future job growth over the next ten years is predicted to be 24.5%, which is lower than the US average of 33.5%.
Tax Rates for Painesville
- The Sales Tax Rate for Painesville is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Painesville is 5.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Painesville
- The average income of a Painesville resident is $23,404 a year. The US average is $37,638 a year.
- The Median household income of a Painesville resident is $47,976 a year. The US average is $69,021 a year.