Cleveland, OK is a small city with a population of 3,100 residents in the northeast part of Oklahoma. With two bedroom rent costing $830 compared to the US average of $1,430, Cleveland is a great choice for those looking for an affordable place to live. The grocery cost index in Cleveland is 92 compared to 100 nationally, making it well within reach financially for many families. Companies such as Walmart and Aldi are likely to benefit from this information as they have stores located in the area and offer food items at lower prices than some other stores. Additionally, local restaurants would be able to take advantage of the lower rent prices and potentially use their savings to offer more competitive prices on their menu items.
Cleveland has an unemployment rate of 4.2%. The US average is 6.0%.
Cleveland has seen the job market increase by 2.3% over the last year. Future job growth over the next ten years is predicted to be 28.7%, which is lower than the US average of 33.5%.
Tax Rates for Cleveland
- The Sales Tax Rate for Cleveland is 10.0%. 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 $20,696 a year. The US average is $28,555 a year.
- The Median household income of a Cleveland resident is $46,544 a year. The US average is $69,021 a year.