Economy in Cincinnati, OH

Cincinnati, OH is a vibrant city with a lower cost of living than the US average. It is a great place to live and work, with many local companies such as Procter & Gamble, Kroger, Macy's, and Fifth Third Bank. It is also home to several universities such as University of Cincinnati and Xavier University. The rent for a two bedroom apartment in Cincinnati is $1,070 compared to the US average which stands at $1,430. Additionally, grocery costs are slightly lower in Cincinnati than the national rate. All this combine to make Cincinnati an affordable yet enjoyable place to live.

Cincinnati has an unemployment rate of 4.9%. The US average is 6.0%.

Cincinnati 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 29.8%, which is lower than the US average of 33.5%.

Tax Rates for Cincinnati
- The Sales Tax Rate for Cincinnati is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Cincinnati is 5.6%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Cincinnati
- The average income of a Cincinnati resident is $25,256 a year. The US average is $28,555 a year.
- The Median household income of a Cincinnati resident is $45,235 a year. The US average is $69,021 a year.