Westlake, OH is a suburb of Cleveland situated on the western side of Cuyahoga County. It is home to several large businesses including Hyland Software, STERIS Corporation, and Invacare Corporation. Residents benefit from low-cost housing compared to the national average with 2 bedroom apartments costing around $1,340 compared to $1,430 in the US. Similarly, grocery costs are slightly lower in Westlake with an index score of 103 compared to 100 nationwide. Therefore those who live in Westlake enjoy a lower cost of living than most other places in the United States.
Westlake has an unemployment rate of 4.6%. The US average is 6.0%.
Westlake has seen the job market decrease by -10.1% over the last year. Future job growth over the next ten years is predicted to be 25.3%, which is lower than the US average of 33.5%.
Tax Rates for Westlake
- The Sales Tax Rate for Westlake is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Westlake is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Westlake
- The average income of a Westlake resident is $58,539 a year. The US average is $37,638 a year.
- The Median household income of a Westlake resident is $98,285 a year. The US average is $69,021 a year.