Zip 43948 (Smithfield, OH) Economy


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43948 Smithfield, OH is an affordable area for those looking for a place to settle down. The average two bedroom rent in this area is $940 per month, which is significantly lower than the average two bedroom rent in the United States which stands at $1,430. Additionally, grocery cost index in this area is 95 versus 100 in the US making it a great option for those looking to save more money.
Local companies such as Stark State College and ACE Mobility Solutions provide plenty of job opportunities for residents of 43948 Smithfield, OH. Additionally, since housing costs are lower compared to other areas people are able to find more affordable living options with ease. This makes 43948 Smithfield, OH an attractive option for many people looking to start a new life or settle down in a budget-friendly location.

Smithfield (zip 43948) has an unemployment rate of 5.9%. The US average is 6.0%.

Smithfield (zip 43948) has seen the job market decrease by -0.7% over the last year. Future job growth over the next ten years is predicted to be 12.9%, which is lower than the US average of 33.5%.

Tax Rates for Smithfield (zip 43948)
- The Sales Tax Rate for Smithfield (zip 43948) is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Smithfield (zip 43948) 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 Smithfield (zip 43948)
- The average income of a Smithfield (zip 43948) resident is $18,912 a year. The US average is $28,555 a year.
- The Median household income of a Smithfield (zip 43948) resident is $77,679 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomySmithfield, OhioUnited States
  5.96
  -6.1%-6.2%
  12.9%33.5%
  7.3%6.2%
  3.5%4.6%
  $35,646$37,638
  $77,679$69,021
  $73,500$85,028
  Population by Occupation
  2.2%1.2%
  5.5%0.5%
  3.6%6.8%
  8.3%10.0%
  2.2%2.5%
  2.5%11.0%
  1.9%4.8%
  5.0%0.8%
  13.5%1.9%
  0.0%4.7%
  9.1%1.9%
  2.5%7.6%
  0.0%0.1%
  1.7%4.2%
  5.2%9.3%
  22.6%14.0%
  0.0%2.1%
  12.4%7.0%
  1.9%4.8%
  0.0%4.7%
Health