Vinton, OH Economy


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Vinton, OH is an ideal place to live. There are many local companies in the area, such as Midwest Industrial Supply, Wilcox Dairy Farms, and Ohio Valley Sweeper Service. The cost of rent for a two bedroom apartment in Vinton is much lower than the US average at $810 per month. Additionally, the grocery cost index in Vinton is 97 versus 100 in the US making groceries more affordable. Vinton also has many recreational and cultural activities with its parks and libraries as well as small shops and restaurants throughout the town. All these factors make Vinton a great place to live that offers a great quality of life while still being affordable.

Vinton has an unemployment rate of 5.4%. The US average is 6.0%.

Vinton has seen the job market increase by 0.2% over the last year. Future job growth over the next ten years is predicted to be 20.2%, which is lower than the US average of 33.5%.

Tax Rates for Vinton
- The Sales Tax Rate for Vinton is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Vinton 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 Vinton
- The average income of a Vinton resident is $14,164 a year. The US average is $28,555 a year.
- The Median household income of a Vinton resident is $51,750 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyVinton, OhioUnited States
  5.46
  -3.2%-6.2%
  20.2%33.5%
  7.0%6.2%
  3.5%4.6%
  $24,001$37,638
  $51,750$69,021
  $68,250$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  1.4%6.8%
  34.2%10.0%
  0.0%2.5%
  5.5%11.0%
  21.2%4.8%
  0.0%0.8%
  0.0%1.9%
  1.4%4.7%
  1.4%1.9%
  0.0%7.6%
  0.0%0.1%
  1.4%4.2%
  0.0%9.3%
  24.7%14.0%
  0.0%2.1%
  6.2%7.0%
  2.7%4.8%
  0.0%4.7%
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