\nUrbana, Ohio is a charming city in the Midwest that offers small-town living with big city amenities. With its excellent schools, family-friendly atmosphere, and friendly people, it's no wonder why many families choose to call Urbana home. The cost of living in Urbana is very reasonable with two bedroom rent being only $740 per month compared to the US average of $1,430. The grocery cost index in Urbana is also 96 while the US average is 100.
There are many fun activities and attractions in and around Urbana for residents to enjoy such as the Champaign County Historical Society Museum, Indian Lake State Park, Mad River Mountain Ski Resort, and Dyer's Haunted Mansion. As for businesses, some notable local companies are Honda Transmission Manufacturing of America, Frigidaire Appliances North America Division, Rose Brand Meats Inc., and All Weather Seal of West Central Ohio Inc.
Urbana has an unemployment rate of 3.8%. The US average is 6.0%.
Urbana has seen the job market decrease by -4.3% over the last year. Future job growth over the next ten years is predicted to be 25.1%, which is lower than the US average of 33.5%.
Tax Rates for Urbana
- The Sales Tax Rate for Urbana is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Urbana is 4.9%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Urbana
- The average income of a Urbana resident is $27,074 a year. The US average is $37,638 a year.
- The Median household income of a Urbana resident is $54,414 a year. The US average is $69,021 a year.