Zip 43944 (Richmond, OH) Economy


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43944 Richmond, OH is an idyllic small town with a population of around 8,000 people. It's located in the southeastern portion of Ohio and features a variety of local businesses that cater to the needs of this community. The rental market here is very affordable, with two bedroom apartments going for $930 per month, significantly lower than the US average at $1,430. Grocery costs are also lower than elsewhere in the country coming in at 98 on the Cost Index compared to 100 in the US. Local businesses include Hunter's Dairy Farm and Creamery, which has been operating since 1950 and offers fresh dairy products from their farm store; Sweet Bites Bakery where you can indulge in freshly made desserts; North Central Ohio Tractor which sells and services tractors from all over the world; Liberty Veterinary Clinic for all of your pet care needs; and Blosser’s Home Furnishings for all of your furniture shopping needs.

Richmond (zip 43944) has an unemployment rate of 5.9%. The US average is 6.0%.

Richmond (zip 43944) has seen the job market decrease by -0.7% over the last year. Future job growth over the next ten years is predicted to be 12.9%, which is lower than the US average of 33.5%.

Tax Rates for Richmond (zip 43944)
- The Sales Tax Rate for Richmond (zip 43944) is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Richmond (zip 43944) 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 Richmond (zip 43944)
- The average income of a Richmond (zip 43944) resident is $20,867 a year. The US average is $28,555 a year.
- The Median household income of a Richmond (zip 43944) resident is $59,515 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyRichmond, OhioUnited States
  5.96
  -6.1%-6.2%
  12.9%33.5%
  7.3%6.2%
  3.5%4.6%
  $30,720$37,638
  $59,515$69,021
  $72,727$85,028
  Population by Occupation
  7.0%1.2%
  0.1%0.5%
  8.4%6.8%
  13.2%10.0%
  1.4%2.5%
  10.9%11.0%
  7.8%4.8%
  1.1%0.8%
  2.2%1.9%
  3.6%4.7%
  0.3%1.9%
  2.0%7.6%
  0.0%0.1%
  8.7%4.2%
  11.0%9.3%
  17.6%14.0%
  0.4%2.1%
  1.6%7.0%
  1.7%4.8%
  1.1%4.7%
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