Zip 44643 (Magnolia, OH) Economy


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44643 Magnolia, OH is known for its affordable living costs. On average, two bedroom apartments in the area rent for $820 per month - significantly lower than the US average of $1,430. Additionally, the Grocery Cost Index in 44643 Magnolia is 97/100 compared to that of the US as a whole, meaning residents have access to even more savings on food products. Some local companies that rent two bedroom apartments in 44643 Magnolia include Smith Realty Inc., North Coast Rentals & Real Estate LLC, and Home Advantage Realty LLC.

Magnolia (zip 44643) has an unemployment rate of 5.4%. The US average is 6.0%.

Magnolia (zip 44643) has seen the job market decrease by -5.0% over the last year. Future job growth over the next ten years is predicted to be 24.0%, which is lower than the US average of 33.5%.

Tax Rates for Magnolia (zip 44643)
- The Sales Tax Rate for Magnolia (zip 44643) is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Magnolia (zip 44643) 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 Magnolia (zip 44643)
- The average income of a Magnolia (zip 44643) resident is $24,253 a year. The US average is $37,638 a year.
- The Median household income of a Magnolia (zip 44643) resident is $53,814 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyMagnolia, OhioUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    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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