Cincinnati, OH Metro Area is a great place to reside due to its affordability. The average two bedroom rent is nearly 25% less than the national average. Groceries are also cheaper in this area with a grocery cost index of 98 compared to the national average of 100. Additionally, Cincinnati is home to some great companies that offer excellent job opportunities for residents such as Procter & Gamble, Kroger, Macy’s, and GE Aviation. With its affordability and good employment prospects, Cincinnati is an excellent option for anyone looking for a place to settle down.
Cincinnati Metro Area has an unemployment rate of 4.2%. The US average is 6.0%.
Cincinnati Metro Area has seen the job market increase by 1.0% over the last year. Future job growth over the next ten years is predicted to be 32.8%, which is lower than the US average of 33.5%.
Tax Rates for Cincinnati Metro Area
- The Sales Tax Rate for Cincinnati Metro Area is 6.7%. The US average is 7.3%.
- The Income Tax Rate for Cincinnati Metro Area 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 Metro Area
- The average income of a Cincinnati Metro Area resident is $29,008 a year. The US average is $28,555 a year.
- The Median household income of a Cincinnati Metro Area resident is $70,308 a year. The US average is $69,021 a year.