Toronto, OH is a small city located in Jefferson County in the state of Ohio. It has a population of around 4,000 people and provides easy access to nearby cities such as Steubenville and Weirton. The cost of living is lower than the national average due to the affordable housing rates; specifically, two bedroom apartments rent for around $800 per month. Additionally, grocery costs are relatively cheaper compared to larger cities and the index stands at 97 versus 100 nationally.
The city is home to many local companies such as Dattco Inc., which produces custom-made cabinets and furniture; Grimwood Heating & Cooling, an HVAC repair service provider; and Schau Enterprises that specializes in construction services for commercial properties. Toronto also offers numerous recreational activities from its public parks to golf courses. With its small-town atmosphere and affordable living costs, it's easy to understand why people choose Toronto as their place to call home.
Toronto has an unemployment rate of 5.9%. The US average is 6.0%.
Toronto 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 Toronto
- The Sales Tax Rate for Toronto is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Toronto is 5.2%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Toronto
- The average income of a Toronto resident is $23,224 a year. The US average is $28,555 a year.
- The Median household income of a Toronto resident is $44,960 a year. The US average is $69,021 a year.