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Zip 45064 (Somerville, OH) Economy


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Somerville, OH, located in Butler County is a small but thriving community. The average 2-bedroom rent in this area is $990 compared to the national average of $1,430 which makes it an affordable option for those looking to move or invest. The grocery cost index in Somerville is 97 compared to 100 in the US making groceries more affordable than most places nation wide.
The local economy has many opportunities with companies such as MND Manufacturing Inc, Hixson Automotive LLC, and Schoedinger Funeral & Cremation Services providing jobs to the local population. In addition to great job opportunities, locals enjoy the convenience of shopping at establishments like Walmart Supercenter and Giant Eagle for their everyday needs. There is also plenty of entertainment options available such as movie theatres and bowling alleys. With its affordability and range of local amenities, Somerville is definitely worth considering as a place to call home.

Somerville (zip 45064) has an unemployment rate of 4.1%. The US average is 6.0%.

Somerville (zip 45064) has seen the job market decrease by -4.7% over the last year. Future job growth over the next ten years is predicted to be 31.0%, which is lower than the US average of 33.5%.

Tax Rates for Somerville (zip 45064)
- The Sales Tax Rate for Somerville (zip 45064) is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Somerville (zip 45064) is 4.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing 黑料社区.

Income and Salaries for Somerville (zip 45064)
- The average income of a Somerville (zip 45064) resident is $40,898 a year. The US average is $37,638 a year.
- The Median household income of a Somerville (zip 45064) resident is $87,587 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomySomerville, OhioUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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