Zip 44138 (Olmsted Falls, OH) Economy


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United States / Ohio / Cleveland-Elyria Metro Area / Cuyahoga County / No City / Olmsted Falls (zip 44138)
44138 Olmsted Falls, OH is an attractive area for those seeking to relocate due to its affordability and local amenities. The median 2 bedroom rent in 44138 Olmsted Falls, OH is $1,220 per month - significantly lower than the US median of $1,430. Additionally, living in the area offers convenience with numerous local businesses such as Janotta & Herner Inc., Novak Automotive Services, and Friendly Pets. Grocery costs are also reasonable at 99 on the grocery cost index compared to the US average of 100. All of these factors make 44138 Olmsted Falls, OH a desirable place for individuals looking for affordable housing and convenient access to amenities.

Olmsted Falls (zip 44138) has an unemployment rate of 5.5%. The US average is 6.0%.

Olmsted Falls (zip 44138) has seen the job market increase by 1.0% over the last year. Future job growth over the next ten years is predicted to be 23.4%, which is lower than the US average of 33.5%.

Tax Rates for Olmsted Falls (zip 44138)
- The Sales Tax Rate for Olmsted Falls (zip 44138) is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Olmsted Falls (zip 44138) is 3.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Olmsted Falls (zip 44138)
- The average income of a Olmsted Falls (zip 44138) resident is $31,564 a year. The US average is $28,555 a year.
- The Median household income of a Olmsted Falls (zip 44138) resident is $83,562 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyOlmsted Falls, OhioUnited States
  5.56
  -10.1%-6.2%
  23.4%33.5%
  8.0%6.2%
  3.5%4.6%
  $41,125$37,638
  $83,562$69,021
  $101,779$85,028
  Population by Occupation
  0.2%1.2%
  0.0%0.5%
  5.7%6.8%
  13.1%10.0%
  1.6%2.5%
  12.2%11.0%
  5.1%4.8%
  0.5%0.8%
  3.1%1.9%
  4.2%4.7%
  0.4%1.9%
  7.9%7.6%
  0.3%0.1%
  4.3%4.2%
  11.3%9.3%
  16.1%14.0%
  2.4%2.1%
  5.5%7.0%
  2.7%4.8%
  3.6%4.7%
Health