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Drexel, OH Economy


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Drexel, OH is a small town located in southwest Ohio. It is known for its family friendly atmosphere as well as being an affordable place to live. 2 bedroom rent in Drexel is approximately $810 per month which is much lower than the national average of $1,430 for a two bedroom apartment. Additionally, the grocery cost index in Drexel stands at 92 versus 100 in the US. This further emphasizes how affordable living costs are in this small town. Some of the local companies that call Drexel home include Roscoe Metal Products, Purdy Farms and Kusek Brothers Farm Market. The area also offers several amenities including a library, community center and popular restaurants like White Rose Pizza and Grandma's Kitchen. For education, students attend various schools within the Madison Local School District which has earned numerous awards for academic excellence over the years. Families can enjoy several different neighborhoods including Fairview Estates and Chapel Hill Estates which offer stunning views of nearby mountains and countryside.

Drexel has an unemployment rate of 5.5%. The US average is 6.0%.

Drexel has seen the job market decrease by -4.4% over the last year. Future job growth over the next ten years is predicted to be 28.7%, which is lower than the US average of 33.5%.

Tax Rates for Drexel
- The Sales Tax Rate for Drexel is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Drexel is 3.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing 黑料社区.

Income and Salaries for Drexel
- The average income of a Drexel resident is $14,439 a year. The US average is $37,638 a year.
- The Median household income of a Drexel resident is $30,518 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyDrexel, OhioUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
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    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
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    Unlock4.2%
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    Unlock14.0%
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    Unlock4.7%
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