Stratton, OH is a small town located in the Ohio Valley region. It is known for its rural charm and tight-knit community. There are several local businesses such as Stratton Market, Valley Bank, and Smiths Auto Parts that contribute to the local economy. The cost of living in Stratton, OH is quite low with an average two bedroom rent of $780 compared to the US average of $1,430. Additionally, the Grocery Cost Index in Stratton is 95 versus 100 in the US overall. This makes it an attractive option for individuals looking to save money while still enjoying all that a small town has to offer.
Stratton has an unemployment rate of 5.9%. The US average is 6.0%.
Stratton has seen the job market decrease by -0.7% over the last year. Future job growth over the next ten years is predicted to be 12.9%, which is lower than the US average of 33.5%.
Tax Rates for Stratton
- The Sales Tax Rate for Stratton is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Stratton is 4.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Stratton
- The average income of a Stratton resident is $19,578 a year. The US average is $28,555 a year.
- The Median household income of a Stratton resident is $34,107 a year. The US average is $69,021 a year.