Cost Structure
A Competitive Cost Structure Awaits
Ohio has created a cost-competitive operating environment for businesses of all shapes and sizes. A common sense tax and regulatory approach has resulted in considerable business growth and investment causing states in the Midwest and beyond to take notice. On a local level the business climate in Wayne County is among the most advantageous in Ohio providing further benefit to area industry. The combination of a high quality of living and low business and personal expenses make Wayne County an attractive and competitive location for business growth.
Ohio Business Advantages
- Ninth overall for top states for doing business in 2020 (Area Development)
- Below average Workers Compensation Premium Rates (Workers Comp. Research Institute)
- Ohio tied for 5th place in states with available real estate
Wayne County Business Advantages
- Sales tax rate in the state: 5.75%
- Low municipal income tax rates: Orrville 1% | Rittman, Wooster 1.5%
- Below average weekly wage: Ohio $1,063 | Wayne $901 (U.S. Bureau of Labor Statistics: 2020)