Ohio, SD is a small town located in the Midwest region of the United States. It is known for its scenic views and friendly neighbors. The cost of living in Ohio, SD is lower than average compared to other parts of the country. For example, rent prices for a 2 bedroom apartment in Ohio, SD are around $820 per month versus $1,430 nationally. Similarly, grocery costs in Ohio, SD are less expensive with an index score of 98 compared to 100 nationally.
Ohio, SD has several local companies that contribute to the community's economic growth such as Little Valley Industries which manufactures metal products and Agriland Fertilizers which produces fertilizer products. Both companies have been around since the 1950s and employ many local residents.
In comparison to the rest of the country, Ohio, SD offers more affordable housing options and lower grocery costs while still providing quality services to its citizens. Residents enjoy a slower pace of life with access to great outdoor activities and beautiful scenery that cannot be found elsewhere.
Ohio has an unemployment rate of 2.3%. The US average is 6.0%.
Ohio has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 21.6%, which is lower than the US average of 33.5%.
Tax Rates for Ohio
- The Sales Tax Rate for Ohio is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Ohio is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Ohio
- The average income of a Ohio resident is $9,851 a year. The US average is $28,555 a year.
- The Median household income of a Ohio resident is $61,944 a year. The US average is $69,021 a year.