The city of Columbus, Ohio is a great place to live with plenty of amenities and a growing economy. Rent for two bedrooms in the metro area is quite affordable at $1,150, which is much less than the average rent for two bedrooms across the United States at $1,430. Additionally, grocery costs are comparatively inexpensive as well as indicated by an index rating of 99 compared to the US index rating of 100. The city is home to numerous large companies such as Nationwide Insurance, Honda of America Manufacturing, L Brands (Victoria’s Secret), Huntington Bank and Abercrombie & Fitch. Moreover, Columbus has become a destination for technology startups that continue to bring vibrancy to the city. Overall, Columbus is an attractive location due to its relatively low cost of living coupled with its booming business opportunities and vibrant tech scene.
Columbus Metro Area has an unemployment rate of 5.0%. The US average is 6.0%.
Columbus Metro Area has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 33.5%, which is lower than the US average of 33.5%.
Tax Rates for Columbus Metro Area
- The Sales Tax Rate for Columbus Metro Area is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Columbus Metro Area 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 Metro Area
- The average income of a Columbus Metro Area resident is $29,145 a year. The US average is $28,555 a year.
- The Median household income of a Columbus Metro Area resident is $71,020 a year. The US average is $69,021 a year.