The Urbana, OH Metro Area is an ideal place for those looking to balance affordability and quality of life. The average rent for a two-bedroom apartment in the city is $820, significantly lower than the national average of $1,430. Furthermore, the cost of living index is 96, meaning it is 4 points lower than the US average. With the money saved from rent and groceries, locals can take advantage of corporations like Honda Manufacturing of America Inc., Stanley Electric U.S., and Central Ohio Computer Technologies that provide excellent career opportunities in the area. Additionally, local small businesses offer specialty services such as Carpet Works Plus and Bob Evans Farms that help give Urbana an unique charm.
Urbana Metro Area has an unemployment rate of 3.8%. The US average is 6.0%.
Urbana Metro Area has seen the job market increase by 0.2% over the last year. Future job growth over the next ten years is predicted to be 25.1%, which is lower than the US average of 33.5%.
Tax Rates for Urbana Metro Area
- The Sales Tax Rate for Urbana Metro Area is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Urbana Metro Area is 4.9%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Urbana Metro Area
- The average income of a Urbana Metro Area resident is $23,573 a year. The US average is $28,555 a year.
- The Median household income of a Urbana Metro Area resident is $62,865 a year. The US average is $69,021 a year.