Salary & Cost of Living in Mentor, OH
Mentor, OH: $41,123 median salary, cost of living index 80.2, $10.45/hr minimum wage. Calculate your take-home pay with our free paycheck calculator.
Median Salary
$41,123
$20/hr
Cost of Living
80.2
US avg = 100
Minimum Wage
$10.45
per hour
Unemployment
3.9%
rate
Mentor, OH Overview
Population
46,721
Median Salary
$41,123
Average Salary
$46,058
Avg Commute
18 min
Median Home Price
$158,000
Median Rent
$655/mo
Job Growth
+2.1%
Sales Tax
5.75%
Mentor is located in Ohio with a population of 46,721. The median household salary is $41,123 per year ($20/hour), which is $18,261 below the national median of $59,384. The average commute time is 18 minutes, and the city has a job growth rate of +2.1%.
Mentor Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in Mentor, OH, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$32,848
$2,737.32/month · $1,263.38/biweekly · Effective Rate: 20.1%
Gross Pay
$41,123
Federal Tax
-$2,896
State Tax
-$1,439
Local Tax
-$794
FICA
-$3,146
Net Pay
$32,848
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $3,426.92 | $41,123.00 |
| Federal Income Tax | -$241.36 | -$2,896.26 |
| Ohio State Tax (3.5%) | -$119.94 | -$1,439.31 |
| Local Tax (1.93%) | -$66.14 | -$793.67 |
| Social Security (6.2%) | -$212.47 | -$2,549.63 |
| Medicare (1.45%) | -$49.69 | -$596.28 |
| Net Take-Home Pay | $2,737.32 | $32,847.85 |
Salary Comparison: Mentor vs Other Cities
See how Mentor's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| Mentor, OH | $41,123 | 80.2 | $51,276 |
| National Average | $59,384 | 100 | $59,384 |
| Paradise, NV | $41,057 | 100.5 | $40,853 |
| Lancaster, CA | $41,050 | 108.2 | $37,939 |
| Westfield, IN | $41,207 | 81.2 | $50,748 |
| Hollywood, FL | $41,020 | 108.2 | $37,911 |
Adjusted salary reflects purchasing power when cost of living is factored in. A higher adjusted salary means your money goes further.
Cost of Living in Mentor
Mentor's cost of living index is 80.2 (national average = 100). Living in Mentor is 19.799999999999997% less expensive than the national average.
Median Home Price
$158,000
Median Monthly Rent
$655
Annual Rent Cost
$7,860
Your Salary's Purchasing Power
Your $32,848 annual take-home pay in Mentor has the purchasing power of approximately $40,957 in an average-cost US area. Your $41,123 salary stretches further here than in most US cities.
Top Industries in Mentor
Mentor's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $41,123.
Salary Tips for Mentor Workers
- Your salary goes further here. Mentor has a cost of living 19.799999999999997% below the national average. A salary of $41,123 here has the purchasing power of about $51,276 in an average-cost area.
- Research top industries. Mentor's top industries include Manufacturing, Healthcare, Finance. Targeting roles in these sectors can help you earn above the $41,123 median salary.
- Review your W-4 withholding. If you regularly receive large tax refunds, adjust your W-4 to increase your per-paycheck take-home pay instead of giving the government an interest-free loan.
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Frequently Asked Questions
What is the median salary in Mentor, OH?
The median salary in Mentor, OH is $41,123 per year, or $20 per hour. The average salary is $46,058. This is $18,261 below the national median of $59,384.
What is the cost of living in Mentor, OH?
Mentor's cost of living index is 80.2 (national average = 100), meaning it is 19.799999999999997% less expensive compared to the national average. The median home price is $158,000 and the median monthly rent is $655.
What are the best industries in Mentor?
The top industries in Mentor, OH include Manufacturing, Healthcare, Finance. The city has a job growth rate of 2.1% and an unemployment rate of 3.9%. Workers in these industries often earn above the city's median salary of $41,123.
How does Mentor's salary compare to other cities?
Mentor's median salary of $41,123 is 30.8% below the national median of $59,384. However, when adjusted for cost of living (index: 80.2), the real purchasing power is approximately $51,276.
What is the minimum wage in Mentor, OH?
The minimum wage in Mentor, OH is $10.45 per hour. This equals approximately $21,736 per year for a full-time worker (40 hours/week). This is $3.20 above the federal minimum wage of $7.25/hour.