The median rent for a two bedroom apartment in Cincinnati, OH (45216) is $1,050. In comparison to the national average of $1,430, it is much more cost effective and makes it an attractive city for those looking for a place to live. The grocery cost index also lends itself to being a great city for those on a budget with a score of 94 compared to the national index of 100. Companies such as Kroger and Procter & Gamble are located in Cincinnati, OH, providing residents with high-quality products at competitive prices. Additionally, local companies such as Skyline Chili and United Dairy Farmers offer delicious options while supporting the local economy. All these aspects make Cincinnati, OH (45216) an attractive city for people looking for affordable living and quality products.
Cincinnati (zip 45216) has an unemployment rate of 4.9%. The US average is 6.0%.
Cincinnati (zip 45216) 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 45216)
- The Sales Tax Rate for Cincinnati (zip 45216) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Cincinnati (zip 45216) 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 45216)
- The average income of a Cincinnati (zip 45216) resident is $21,985 a year. The US average is $37,638 a year.
- The Median household income of a Cincinnati (zip 45216) resident is $41,780 a year. The US average is $69,021 a year.