Willoughby, OH 44094 is a charming city located in Lake County with an estimated population of 22,261. The cost of living is 11% lower than the US average and the 2 bedroom rent is comparatively lower at $1,230 as compared to the US average of $1,430. This makes Willoughby an ideal place to live for those looking for an affordable lifestyle. Not to mention that there are numerous local businesses such as Willoughby Brewing Company and First Federal of Lakewood which add to its appeal. In addition, a Grocery Cost Index of 100 indicates that it is cheaper than the national average, making it a great option for grocery shoppers!
Willoughby (zip 44094) has an unemployment rate of 4.5%. The US average is 6.0%.
Willoughby (zip 44094) has seen the job market decrease by -10.1% over the last year. Future job growth over the next ten years is predicted to be 24.5%, which is lower than the US average of 33.5%.
Tax Rates for Willoughby (zip 44094)
- The Sales Tax Rate for Willoughby (zip 44094) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Willoughby (zip 44094) 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 Willoughby (zip 44094)
- The average income of a Willoughby (zip 44094) resident is $43,259 a year. The US average is $37,638 a year.
- The Median household income of a Willoughby (zip 44094) resident is $68,792 a year. The US average is $69,021 a year.