Columbus, OH is an attractive city for potential renters due to its comparatively lower rental costs compared to the US average. On average, a two-bedroom apartment in Columbus costs about $1,180 per month while the national average for a two bedroom is $1,430. Not only are rental costs lower than in other parts of the country, but grocery prices are also relatively cheaper with a Cost Index of 99 versus 100 nationally.
Columbus is home to several prominent companies such as Nationwide Insurance and Huntington National Bank. The city also serves as the headquarters for Bob Evans Farms, White Castle, Big Lots and American Electric Power Company. Additionally, many healthcare organizations have their headquarters in Columbus such as Cardinal Health and Mount Carmel Health System.
Columbus has an unemployment rate of 5.7%. The US average is 6.0%.
Columbus has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 34.2%, which is higher than the US average of 33.5%.
Tax Rates for Columbus
- The Sales Tax Rate for Columbus is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Columbus is 5.7%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Columbus
- The average income of a Columbus resident is $24,721 a year. The US average is $28,555 a year.
- The Median household income of a Columbus resident is $58,575 a year. The US average is $69,021 a year.