Stow, OH is an attractive place to live for those looking for a more affordable lifestyle. The two bedroom rent for Stow, OH is $1,200 compared to the US average of $1,430. Additionally, the Grocery Cost Index in Stow, OH is 99 versus 100 in the US. In terms of local business and industry, Stow has a number of companies providing employment opportunities from defense contractors such as Sumitomo Corporation of America to retail stores like Home Depot and Kohl's. There are also several restaurants in town such as Applebee's and Olive Garden that offer delicious dining experiences.
Stow has an unemployment rate of 5.5%. The US average is 6.0%.
Stow 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 27.5%, which is lower than the US average of 33.5%.
Tax Rates for Stow
- The Sales Tax Rate for Stow is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Stow 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 Stow
- The average income of a Stow resident is $40,961 a year. The US average is $37,638 a year.
- The Median household income of a Stow resident is $80,523 a year. The US average is $69,021 a year.