Beloit, OH is a small town located in Mahoning County with a population of just over 700 people. It's known for its close-knit community and charming downtown area. The average 2 bedroom rent in Beloit is $790, which is significantly below the US average of $1,430. Additionally, the grocery cost index in Beloit is 96 versus 100 in the US, making it an attractive destination for those who want to save money while still enjoying life. \nThe local economy in Beloit is driven by small businesses such as the Yarn & Needle Craft Boutique, A&K Furniture Company and Handmade Creations Country Store. There are also many family owned restaurants like The Blue Ribbon Restaurant and Deli, which serves classic sandwiches and desserts. Beloit also has its own airport and is conveniently located near both Ohio and Pennsylvania state lines as well as the Canadian border. This makes it easy to travel to nearby cities such as Pittsburgh or Toronto for those looking for a change of scenery.
Beloit (zip 44609) has an unemployment rate of 6.6%. The US average is 6.0%.
Beloit (zip 44609) has seen the job market decrease by -7.0% over the last year. Future job growth over the next ten years is predicted to be 14.0%, which is lower than the US average of 33.5%.
Tax Rates for Beloit (zip 44609)
- The Sales Tax Rate for Beloit (zip 44609) is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Beloit (zip 44609) is 4.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Beloit (zip 44609)
- The average income of a Beloit (zip 44609) resident is $31,404 a year. The US average is $37,638 a year.
- The Median household income of a Beloit (zip 44609) resident is $49,267 a year. The US average is $69,021 a year.