Cincinnati is a city in the state of Ohio which has an average rent of $960 for a two bedroom apartment. This is just slightly below the national average for 2 bedrooms which is $1,430. The grocery cost index in Cincinnati is 92 which is lower than the national average of 100. This makes Cincinnati an affordable place to live with a relatively low cost of living. Local companies such as Procter & Gamble, Macy's and Kroger are some major employers and economic contributors to the area. The overall cost of living index for Cincinnati is estimated at 87.4 which means that it’s 12.6% cheaper to live there compared to other cities in the US.
Cincinnati (zip 45204) has an unemployment rate of 4.9%. The US average is 6.0%.
Cincinnati (zip 45204) has seen the job market decrease by -4.7% 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 45204)
- The Sales Tax Rate for Cincinnati (zip 45204) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Cincinnati (zip 45204) 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 45204)
- The average income of a Cincinnati (zip 45204) resident is $22,046 a year. The US average is $37,638 a year.
- The Median household income of a Cincinnati (zip 45204) resident is $35,564 a year. The US average is $69,021 a year.