Zip 44120 (Cleveland, OH) Economy


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Cleveland, OH, is a great place to live with its relatively low cost of living and close proximity to top attractions. The 2 Bedroom Rent in the city is $960 which is significantly lower than the National average rent of $1,430. Additionally, the Grocery Cost Index for Cleveland is 94 compared to 100 nationwide. In 44120 Cleveland, OH you will find tons of local restaurants and businesses including Eddie's Pizza & Subs, Shaker Heights Public Library, and Club 20 tavern. There are also many popular attractions such as the Rock and Roll Hall of Fame and Museum, the Great Lakes Science Center, and Edgewater Park.

Cleveland (zip 44120) has an unemployment rate of 6.8%. The US average is 6.0%.

Cleveland (zip 44120) 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 44120)
- The Sales Tax Rate for Cleveland (zip 44120) is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Cleveland (zip 44120) 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 44120)
- The average income of a Cleveland (zip 44120) resident is $27,127 a year. The US average is $28,555 a year.
- The Median household income of a Cleveland (zip 44120) resident is $40,563 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%
  $34,366$37,638
  $40,563$69,021
  $64,680$85,028
  Population by Occupation
  0.1%1.2%
  0.0%0.5%
  2.5%6.8%
  8.1%10.0%
  1.9%2.5%
  9.8%11.0%
  4.3%4.8%
  0.9%0.8%
  1.5%1.9%
  4.7%4.7%
  0.9%1.9%
  6.7%7.6%
  0.5%0.1%
  4.0%4.2%
  9.6%9.3%
  22.4%14.0%
  3.6%2.1%
  6.7%7.0%
  4.6%4.8%
  7.2%4.7%
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