Zip 44104 (Cleveland, OH) Economy


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Cleveland, OH (44104) is an attractive place to live for those looking for a cost-effective rental option. The 2 bedroom rent in this area is $790 - over 40% lower than the US average of $1,430. There are many local companies in Cleveland offering employment opportunities to locals. These include Cleveland Clinic, KeyBank, Cleveland State University, University Hospitals and many more. Tourists will not be too disappointed either as there are numerous attractions in the city such as the Rock & Roll Hall of Fame, West Side Market and Playhouse Square. There is also an abundance of cultural activities to enjoy along with great restaurants and shopping centers. The grocery cost index in 44104 is 92 which is 8% lower than the US average of 100 making it a great place to live on a budget.

Cleveland (zip 44104) has an unemployment rate of 6.8%. The US average is 6.0%.

Cleveland (zip 44104) 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 21.4%, which is lower than the US average of 33.5%.

Tax Rates for Cleveland (zip 44104)
- The Sales Tax Rate for Cleveland (zip 44104) is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Cleveland (zip 44104) is 5.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Cleveland (zip 44104)
- The average income of a Cleveland (zip 44104) resident is $9,807 a year. The US average is $28,555 a year.
- The Median household income of a Cleveland (zip 44104) resident is $18,591 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyCleveland, OhioUnited States
  6.86
  -10.1%-6.2%
  21.4%33.5%
  8.0%6.2%
  5.5%4.6%
  $14,485$37,638
  $18,591$69,021
  $19,529$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  3.4%6.8%
  7.9%10.0%
  0.3%2.5%
  14.0%11.0%
  5.6%4.8%
  0.5%0.8%
  0.2%1.9%
  2.6%4.7%
  1.9%1.9%
  1.8%7.6%
  0.2%0.1%
  6.6%4.2%
  3.5%9.3%
  31.2%14.0%
  2.7%2.1%
  7.1%7.0%
  6.0%4.8%
  4.5%4.7%
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