Munroe Falls, OH is a city in northeastern Ohio with a population of approximately 5,800. It is located near the Akron-Canton metropolitan area and renowned for its excellent school system. The average 2 bedroom rent in Munroe Falls is $920, which is significantly lower than the US average of $1,430. Additionally, the grocery cost index in Munroe Falls is 99 compared to 100 in the US, demonstrating that groceries are very reasonably priced here.
Munroe Falls is home to many local companies including American Fireworks Inc., Curtis Industries LLC, and Dixon Place Apartments. In addition to these companies, Munroe Falls also has several small businesses such as Brandywine Catering Company and Dave’s Gym that serve both local residents and visitors alike.
Munroe Falls (zip 44262) has an unemployment rate of 5.7%. The US average is 6.0%.
Munroe Falls (zip 44262) has seen the job market decrease by -5.4% over the last year. Future job growth over the next ten years is predicted to be 26.4%, which is lower than the US average of 33.5%.
Tax Rates for Munroe Falls (zip 44262)
- The Sales Tax Rate for Munroe Falls (zip 44262) is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Munroe Falls (zip 44262) is 5.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Munroe Falls (zip 44262)
- The average income of a Munroe Falls (zip 44262) resident is $36,085 a year. The US average is $37,638 a year.
- The Median household income of a Munroe Falls (zip 44262) resident is $66,094 a year. The US average is $69,021 a year.