Industry & Economy
With 84 businesses and over 100 farms, Kinsman is the picturesque image of small town USA. And although their current job growth is half the national average, hopefully, with relatively strong future job projections, businesses are starting to recognize it's time to come back home.
Economic Statistics
Estimated Household by Household Income
Taxes
Kinsman Township, OH,sales tax rate is 6.75%. Income tax is 3.76%.
Occupations
Top Kinsman Center Occupations
Population by Occupation
Average Commute Time to Work
Strengths
Kinsman's unemployment rate of 6% is slightly below the national average of 6.30%. Also, their income tax is almost 1% lower than the national average (federal taxes not included). Future job growth is inline with the national average falling about 1% behind. Also, due to it's small size, the commute times are relatively short, with more than 50% of the workforce's travel time being 34 minutes or less.
Weaknesses
Kinsman's household income is weighted more heavily on the lower part of the socioeconomic spectrum, which indicates a lack of higher wage earners helping support the community. Their management, business, and finance sector is nearly half the national average, being measured at 7.08%. Conversely, it has nearly three times the manufacturing, transportation, and material movement as the national average, measured at 31.79%. Coupling those figures makes it easier to understand why their current job growth is less than half the national average. Kinsman faces the same problems most other small towns face: businesses leaving small town USA for more bustling and populated areas.
References
http://www.usacityfacts.com/oh/trumbull/kinsman-center/economy/
http://www.citymelt.com/city/Ohio/Kinsman+Township-OH/economic.html
http://www.bestplaces.net/economy/city/ohio/kinsman_township
http://www.citymelt.com/zip/Ohio/44428-OH/economic.html
http://www.usacityfacts.com/oh/trumbull/kinsman-center/economy/
http://www.citymelt.com/city/Ohio/Kinsman+Township-OH/economic.html
http://www.bestplaces.net/economy/city/ohio/kinsman_township
http://www.citymelt.com/zip/Ohio/44428-OH/economic.html