Thornport, OH is a great place to live and work with many advantages. It offers an affordable cost of living with 2 bedroom rent at $990 compared to the US average of $1,430. Grocery costs are indexed at 99 against the US national average of 100. Thornport also has a variety of businesses catering to different needs including Thornport Technologies, Pinnacle Business Solutions, and LKL Trading Corporation. The city also offers economic benefits in the form of tax relief initiatives and access to local capital markets for entrepreneurs looking to start their own businesses. With its low cost of living and abundance of business opportunities, Thornport is an attractive option for those who wish to enjoy the benefits and convenience of living in a small city.
Thornport has an unemployment rate of 5.5%. The US average is 6.0%.
Thornport has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 28.3%, which is lower than the US average of 33.5%.
Tax Rates for Thornport
- The Sales Tax Rate for Thornport is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Thornport 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 Thornport
- The average income of a Thornport resident is $32,041 a year. The US average is $28,555 a year.
- The Median household income of a Thornport resident is $88,636 a year. The US average is $69,021 a year.