Cincinnati, OH (45220) has an average 2 bedroom rent of $1,160 per month, which is slightly below the US average of $1,430. Additionally, the Grocery Cost Index in Cincinnati is 102 versus 100 in the US. This indicates that groceries prices tend to be slightly higher than the national average. Local businesses in Cincinnati include Kroger, Procter & Gamble, Macy's, and The Kroger Company; all are Fortune 500 companies with headquarters located in Cincinnati. Other noteworthy companies with a presence in 45220 include Cintas Corporation, Fifth Third Bank National Association, and Western & Southern Financial Group. All of these companies provide numerous job opportunities to residents of 45220 as well as other areas throughout the city.
Cincinnati (zip 45220) has an unemployment rate of 4.9%. The US average is 6.0%.
Cincinnati (zip 45220) 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 (zip 45220)
- The Sales Tax Rate for Cincinnati (zip 45220) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Cincinnati (zip 45220) is 6.6%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Cincinnati (zip 45220)
- The average income of a Cincinnati (zip 45220) resident is $32,349 a year. The US average is $28,555 a year.
- The Median household income of a Cincinnati (zip 45220) resident is $45,605 a year. The US average is $69,021 a year.