Silver Lake, OH is a small town located in the Midwest United States. It is an ideal place for those who are looking for an affordable lifestyle with easy access to nature and local amenities. The 2 bedroom rent in Silver Lake is $1,200 which is significantly lower than the US average of $1,430. Additionally, the grocery cost index in Silver Lake is 99 versus 100 in the US making it cheaper to live here than other areas.
The residents of Silver Lake have access to a variety of local companies such as Big X Grocery Store, Jones Pharmacy, SMT Plumbing and Heating, Don's Automotive Repair and McAdams Lumberyard. These businesses provide goods and services for locals and visitors alike. There are also plenty of outdoor activities available including hiking trails, fishing spots and bike paths.
Silver Lake has an unemployment rate of 5.7%. The US average is 6.0%.
Silver Lake 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 Silver Lake
- The Sales Tax Rate for Silver Lake is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Silver Lake 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 Silver Lake
- The average income of a Silver Lake resident is $50,151 a year. The US average is $28,555 a year.
- The Median household income of a Silver Lake resident is $124,286 a year. The US average is $69,021 a year.