Wellington, OH Economy


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Wellington, OH is a charming small town with plenty of amenities to offer its inhabitants. It is located in Lorain County and has a population of around 5,200 people. The rental cost for two-bedroom apartments in Wellington is significantly lower than the US average at just $890 per month. Additionally, the grocery cost index in Wellington is 98 versus 100 in the US which makes it an affordable place to live overall.
The city has plenty to do and see for residents and visitors alike. There are several local businesses such as Smith & Sons Restaurant, which serves up some of the best home-style cooking in town, and Fat Bob's Ice Cream Parlor, where you can enjoy delicious ice cream treats no matter the season. In addition to these eateries, Wellington also boasts several parks including Hale Farm and Village Park where visitors can explore historic grounds or take a stroll through nature trails. All in all, Wellington is an excellent place to live or visit if you're looking for an affordable community with plenty of amenities.

Wellington has an unemployment rate of 4.2%. The US average is 6.0%.

Wellington has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 24.7%, which is lower than the US average of 33.5%.

Tax Rates for Wellington
- The Sales Tax Rate for Wellington is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Wellington 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 Wellington
- The average income of a Wellington resident is $23,236 a year. The US average is $28,555 a year.
- The Median household income of a Wellington resident is $62,837 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyWellington, OhioUnited States
  4.26
  -10.0%-6.2%
  24.7%33.5%
  6.8%6.2%
  4.5%4.6%
  $28,615$37,638
  $62,837$69,021
  $88,153$85,028
  Population by Occupation
  3.4%1.2%
  0.0%0.5%
  12.0%6.8%
  29.8%10.0%
  0.8%2.5%
  14.5%11.0%
  1.8%4.8%
  0.0%0.8%
  0.0%1.9%
  0.9%4.7%
  0.0%1.9%
  1.7%7.6%
  0.0%0.1%
  3.2%4.2%
  6.0%9.3%
  14.7%14.0%
  1.7%2.1%
  4.7%7.0%
  1.4%4.8%
  3.4%4.7%
Reviews for Wellington
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Over 17 years ago

Lovely old neighborhoods in small town setting, but near big city shopping  More

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