Cincinnati, OH is a great place to live with an affordable cost of living. The average 2 bedroom rent in Cincinnati, OH (45227) is $1,260 which is significantly lower than the US average of $1,430. The grocery cost index for this area is also very competitive at 98 versus 100 in the US. Furthermore, there are numerous local businesses that serve Cincinnati residents. Companies such as Kroger, Great Clips, Meijer and Queen City Cookies all have locations in and around 45227 making it easy to get what you need without having to travel too far.
Cincinnati (zip 45227) has an unemployment rate of 4.9%. The US average is 6.0%.
Cincinnati (zip 45227) 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 45227)
- The Sales Tax Rate for Cincinnati (zip 45227) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Cincinnati (zip 45227) 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 45227)
- The average income of a Cincinnati (zip 45227) resident is $33,108 a year. The US average is $28,555 a year.
- The Median household income of a Cincinnati (zip 45227) resident is $60,471 a year. The US average is $69,021 a year.