Allen County, OH Economy


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United States / Ohio / Lima / Allen County / Cities / Zip Codes
Allen, OH County is a great place to live with affordable rent and low cost of living. The average 2 bedroom rent in Allen is $850, which is much lower than the national average of $1,430. The Grocery Cost Index in Allen is also significantly lower than the US average at 90 versus 100. There are many local businesses that offer great amenities such as restaurants, shops, and entertainment venues. Notable companies located in Allen include Miami Valley Hospital, Konecranes, and Crown Equipment Corporation. These companies provide employment opportunities and contribute to the growth of the county.

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

Allen County 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 25.7%, which is lower than the US average of 33.5%.

Tax Rates for Allen County
- The Sales Tax Rate for Allen County is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Allen County is 4.2%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Allen County
- The average income of a Allen County resident is $28,671 a year. The US average is $37,638 a year.
- The Median household income of a Allen County resident is $55,114 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyAllen, OhioUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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