Zip 44003 (Andover, OH) Economy


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United States / Ohio / Ashtabula Metro Area / Ashtabula County / No City / Andover (zip 44003)
The town of Andover, OH (zip code 44003) is a small community with a population of just over 2,600 people. The town is located in Ashtabula County and sits on the banks of beautiful Lake Pymatuning.
The average rent for a two-bedroom apartment in Andover is $800 per month, significantly lower than the US average rent of $1,430. The Grocery Cost Index in this area is 94 compared to 100 for the US as a whole. This indicates that basic groceries are slightly less expensive than the national average.
Andover is home to many businesses such as Annie's Garden Shed & Gifts, Troyer's Country Market and White House Gardens & Greenhouse which provide goods and services to its citizens. There are also several restaurants and bars located in town including Hideaway Pizza Pub & Grill and Rusty Nail Bar & Grill.
All in all, Andover has an excellent cost of living making it an attractive place to call home. The low rents, combined with cheaper grocery prices make it an ideal place for those looking to save money without sacrificing quality of life.

Andover (zip 44003) has an unemployment rate of 5.1%. The US average is 6.0%.

Andover (zip 44003) has seen the job market decrease by -5.7% over the last year. Future job growth over the next ten years is predicted to be 22.7%, which is lower than the US average of 33.5%.

Tax Rates for Andover (zip 44003)
- The Sales Tax Rate for Andover (zip 44003) is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Andover (zip 44003) 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 Andover (zip 44003)
- The average income of a Andover (zip 44003) resident is $19,054 a year. The US average is $37,638 a year.
- The Median household income of a Andover (zip 44003) resident is $48,992 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyAndover, OhioUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
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    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
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    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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