Kipton, OH is a small city located in Lorain County. According to the US Census Bureau population estimate for 2020, it had a population of 44049. Rent for a two-bedroom apartment in Kipton is $910 USD compared to the US average of $1430USD. The Grocery Cost Index in the city is 95 versus a 100 score for the US as a whole.
Kipton also has several local companies with names such as Kipton Farms, Rainboots Gardens & Landscaping, and Kipton Tool & Die Company. Living costs in Kipton are notably lower than those of other cities and towns in Ohio State. This makes it an attractive option for people looking for affordable housing and access to many amenities that come with living in a big state. It is also conveniently located near Cleveland and Akron which provides easy access to many attractions and activities.
Kipton (zip 44049) has an unemployment rate of 4.2%. The US average is 6.0%.
Kipton (zip 44049) has seen the job market decrease by -10.0% over the last year. Future job growth over the next ten years is predicted to be 24.7%, which is lower than the US average of 33.5%.
Tax Rates for Kipton (zip 44049)
- The Sales Tax Rate for Kipton (zip 44049) is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Kipton (zip 44049) is 5.0%. The US average is 4.6%.
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Income and Salaries for Kipton (zip 44049)
- The average income of a Kipton (zip 44049) resident is $23,575 a year. The US average is $37,638 a year.
- The Median household income of a Kipton (zip 44049) resident is $51,250 a year. The US average is $69,021 a year.