Prospect, OH is a small city in Ohio known for its friendly people and affordable cost of living. The average two-bedroom rent in Prospect is $1,100, significantly lower than the US average of $1,430. Similarly, the grocery cost index in Prospect was measured at 96 versus 100 in the US. Local companies in Prospect include Woodland Ridge LLC, Prospect United Methodist Church, and Auto Pros Northeast Ohio. These companies offer a variety of services and products to residents and visitors alike.
Prospect has an unemployment rate of 4.3%. The US average is 6.0%.
Prospect has seen the job market decrease by -4.8% 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 Prospect
- The Sales Tax Rate for Prospect is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Prospect 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 Prospect
- The average income of a Prospect resident is $23,959 a year. The US average is $37,638 a year.
- The Median household income of a Prospect resident is $63,594 a year. The US average is $69,021 a year.