Gratiot, OH is a small rural town located in Licking County. It has an approximate population of 43740 and boasts of a peaceful lifestyle with easy access to local amenities. Some local companies include Gratiot Automotive, B&B Logging Co., and Ardent Milling. The cost of living in Gratiot compared to the US is relatively low; the two-bedroom rent averages $1,080 versus $1,430 for the US as a whole and the Grocery Cost Index is 97 versus 100 in the US overall. This makes Gratiot an attractive place to live for those looking for a lower cost of living without sacrificing quality amenities or jobs.
Gratiot (zip 43740) has an unemployment rate of 3.8%. The US average is 6.0%.
Gratiot (zip 43740) has seen the job market decrease by -3.3% over the last year. Future job growth over the next ten years is predicted to be 32.7%, which is lower than the US average of 33.5%.
Tax Rates for Gratiot (zip 43740)
- The Sales Tax Rate for Gratiot (zip 43740) is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Gratiot (zip 43740) is 4.4%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Gratiot (zip 43740)
- The average income of a Gratiot (zip 43740) resident is $28,002 a year. The US average is $37,638 a year.
- The Median household income of a Gratiot (zip 43740) resident is $62,885 a year. The US average is $69,021 a year.