Cleveland, IL is a great city to live in with its low cost of living. The average two bedroom rent is $890, much lower than the national average of $1430. Additionally, grocery costs are even more affordable at 94 on the index compared to 100 nationally. This makes Cleveland an attractive place for anyone looking to save money while still enjoying all that the city has to offer. Notable local businesses include White Men Can't Jump Clothing, Allen Sales & Service, and J&D's Cleaning Services. With these companies providing quality goods and services at a reasonable price, it's no wonder why Cleveland is such an inviting place to live.
Cleveland has an unemployment rate of 5.9%. The US average is 6.0%.
Cleveland has seen the job market decrease by -7.9% over the last year. Future job growth over the next ten years is predicted to be 27.4%, which is lower than the US average of 33.5%.
Tax Rates for Cleveland
- The Sales Tax Rate for Cleveland is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Cleveland is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Cleveland
- The average income of a Cleveland resident is $26,846 a year. The US average is $37,638 a year.
- The Median household income of a Cleveland resident is $55,714 a year. The US average is $69,021 a year.