Summit County, Ohio is home to a variety of local businesses with great job opportunities. The cost of living in Summit County is lower than the US average, as evidenced by the two bedroom rent being $1,030 compared to the US average of $1,430. Grocery costs are also slightly lower than the US index at 97 versus 100. Many employers in the area include Akron Children’s Hospital, FirstEnergy and Goodyear Tire & Rubber Company. There are also great opportunities for those looking for jobs in retail or hospitality at companies like Dick's Sporting Goods and Fairlawn Hotel & Suites. With so many excellent job options, Summit County is an ideal place to live and work.
Summit County has an unemployment rate of 5.7%. The US average is 6.0%.
Summit County has seen the job market decrease by -5.4% over the last year. Future job growth over the next ten years is predicted to be 26.4%, which is lower than the US average of 33.5%.
Tax Rates for Summit County
- The Sales Tax Rate for Summit County is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Summit 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 Summit County
- The average income of a Summit County resident is $37,373 a year. The US average is $37,638 a year.
- The Median household income of a Summit County resident is $63,111 a year. The US average is $69,021 a year.