Racine, OH is a quiet and peaceful town located in the heart of Ohio. The cost of living is considerably lower than the US average, with a two bedroom rent of only $790 compared to the national average of $1,430. Groceries are also cheaper in Racine with a grocery cost index of 97 versus 100 nationally. As such, many people choose to move here for the affordable living costs. \nThe economy in Racine revolves around family owned stores such as Grover's Hardware Store and Donahue's Supermarket. Other popular businesses include Martin Law Office and Raymond Steel Mill. All these establishments provide quality services to the people of Racine and beyond.
Racine has an unemployment rate of 5.7%. The US average is 6.0%.
Racine has seen the job market decrease by -3.9% over the last year. Future job growth over the next ten years is predicted to be 18.0%, which is lower than the US average of 33.5%.
Tax Rates for Racine
- The Sales Tax Rate for Racine is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Racine 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 Racine
- The average income of a Racine resident is $28,715 a year. The US average is $37,638 a year.
- The Median household income of a Racine resident is $54,792 a year. The US average is $69,021 a year.