Portage Lakes, OH is a great place to live with affordable rent and cost of living. A two bedroom apartment in Portage Lakes, OH can be rented for $1,040 compared to the US average of $1,430. The cost of groceries is also low in Portage Lakes as the Grocery Cost Index is 97 versus the 100 national average. There are many local businesses in Portage Lakes such as Portage Country Club, Goodyear Tire & Rubber Company, and Diagonal Road Winery. These local companies provide employment opportunities for those looking to stay close to home while giving back to their community.
Portage Lakes has an unemployment rate of 5.7%. The US average is 6.0%.
Portage Lakes has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 26.4%, which is lower than the US average of 33.5%.
Tax Rates for Portage Lakes
- The Sales Tax Rate for Portage Lakes is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Portage Lakes 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 Portage Lakes
- The average income of a Portage Lakes resident is $28,624 a year. The US average is $28,555 a year.
- The Median household income of a Portage Lakes resident is $66,208 a year. The US average is $69,021 a year.