Potsdam, OH is a vibrant small town located in Ohio. It is known for its strong sense of community and its ample recreational opportunities. The cost of living in Potsdam is relatively low compared to the rest of the United States, with an average 2 bedroom rent at $1,030 as opposed to the national average of $1,430. Additionally, the Grocery Cost Index in Potsdam is 95 versus 100 in the US meaning groceries are even more affordable here. This makes it an ideal place for those seeking a lower cost of living without sacrificing quality of life or amenities. Local companies in Potsdam include Hannay Realty Group Inc., Genesis I Corporation, and All-American Fencing Company.
Potsdam has an unemployment rate of 4.0%. The US average is 6.0%.
Potsdam has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 30.6%, which is lower than the US average of 33.5%.
Tax Rates for Potsdam
- The Sales Tax Rate for Potsdam is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Potsdam 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 Potsdam
- The average income of a Potsdam resident is $16,240 a year. The US average is $28,555 a year.
- The Median household income of a Potsdam resident is $51,875 a year. The US average is $69,021 a year.