Grove City, Ohio (43123) is a vibrant college town located in the center of the state. Home to the world-renowned Ohio State University, Grove City offers a variety of amenities for its residents. The local economy is heavily centered around education and healthcare with major employers such as OhioHealth and Mount Carmel Health System. The cost of living in Grove City is well below the national average with 2 bedroom rent prices at $1,210 per month versus $1,430 nationally and a grocery cost index of 100 versus 100 nationwide. There are many great local businesses including The Bakeshop on Lane Avenue which offers award-winning cakes and pastries, Blacklick Wine & Spirits which provides an extensive selection of craft beers and wines, and Joe's Bike Shop for all your biking needs.
Grove City (zip 43123) has an unemployment rate of 5.5%. The US average is 6.0%.
Grove City (zip 43123) has seen the job market decrease by -3.5% over the last year. Future job growth over the next ten years is predicted to be 34.0%, which is higher than the US average of 33.5%.
Tax Rates for Grove City (zip 43123)
- The Sales Tax Rate for Grove City (zip 43123) is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Grove City (zip 43123) is 4.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Grove City (zip 43123)
- The average income of a Grove City (zip 43123) resident is $39,769 a year. The US average is $37,638 a year.
- The Median household income of a Grove City (zip 43123) resident is $82,308 a year. The US average is $69,021 a year.