Richfield, OH is an affluent suburban village situated in Summit County, Ohio with a population of just over 3,600 residents. The average rent for a two-bedroom apartment in Richfield is $1,160 per month which is cheaper than the national average of $1,430. Additionally, the grocery cost index here is 104 compared to 100 for the nation as whole which means groceries are slightly more expensive.
The largest employers in Richfield include The Richfield Group LLC, FirstMerit Bank NA and ARS Restoration Specialists Inc. Other notable companies in the area include Akron Rubber Development Laboratory Inc., Infinity Packaging Corp., Feasel's Lawn Care Co., Advanced Tooling Systems Inc., Salo Plastics Inc. and Elite Building Solutions LLC.
Overall the economy of Richfield is healthy with plenty of businesses and employment opportunities to go around. The cost of living here is quite reasonable making it attractive to those who are looking for a quieter suburban lifestyle without compromising on amenities and job opportunities.
Richfield (zip 44286) has an unemployment rate of 5.7%. The US average is 6.0%.
Richfield (zip 44286) has seen the job market increase by 0.8% 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 Richfield (zip 44286)
- The Sales Tax Rate for Richfield (zip 44286) is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Richfield (zip 44286) 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 Richfield (zip 44286)
- The average income of a Richfield (zip 44286) resident is $48,469 a year. The US average is $28,555 a year.
- The Median household income of a Richfield (zip 44286) resident is $107,439 a year. The US average is $69,021 a year.