Lake, OH County is located in the state of Ohio and is known for its diverse range of businesses. The county offers affordable living with a two bedroom rent estimated at $1,000 compared to national average which is around $1,430. The grocery cost index in Lake, OH County is also lower than the US average at 98 versus 100 respectively. Prominent companies in Lake, OH County include GE Lighting Solutions, Cleveland Clinic Health System and Eaton Corporation. In addition to these well-known companies there are many smaller local businesses such as Gibson's Bakery & Cafe and D&K Custom Cabinets that provide essential goods and services to the community.
Lake County has an unemployment rate of 4.5%. The US average is 6.0%.
Lake County has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 24.5%, which is lower than the US average of 33.5%.
Tax Rates for Lake County
- The Sales Tax Rate for Lake County is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Lake County 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 Lake County
- The average income of a Lake County resident is $29,556 a year. The US average is $28,555 a year.
- The Median household income of a Lake County resident is $70,168 a year. The US average is $69,021 a year.