Terrace Park is a very small village located in the state of Ohio. With a population of 2,254 people and just one neighborhood, Terrace Park is the 412th largest community in Ohio.
Real Estate Prices
Terrace Park home prices are not only among the most expensive in Ohio, but Terrace Park real estate also consistently ranks among the most expensive in America.
Occupations and Workforce
Terrace Park is a decidedly white-collar village, with fully 96.07% of the workforce employed in white-collar jobs, well above the national average. Overall, Terrace Park is a village of managers, sales and office workers and professionals. There are especially a lot of people living in Terrace Park who work in management occupations (24.77%), sales jobs (18.13%) and business and financial occupations (11.98%).
Also of interest is that Terrace Park has more people living here who work in computers and math than 95% of the places in the US.
One interesting thing about the economy is that relatively large numbers of people worked from their home: 10.19% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.
Setting & Lifestyle
In addition, Terrace Park is home to many people who could be described as "urban sophisticates", which are people who are not only wealthy and employed in professional occupations, but highly educated to boot. Urban sophisticates have urbane tastes - whether they reside in a big or small city, a suburb, or a little town. Urban sophisticates support bookstores, quality clothing stores, enjoy luxury travel, and in big cities, they are truly the patrons of the arts, attending and supporting institutions such as opera, symphony, ballet, and theatre.
Terrace Park is a good choice for families with children because of several factors. Many other families with children live here, making it a place where both parents and children are more likely to develop social ties with other families. The village’s good public school district and large population of college-educated adults provide an environment conducive to academic success. Many people own their own single-family homes, providing areas for children to play and stability in the community. Finally, Terrace Park’s overall crime rate ranks among the lowest in the country, making it one of the safest places to raise a family.