The median 2 bedroom rent in Cincinnati, Ohio (45231) is $1,100 which is significantly lower than the US average of $1,430. The Grocery Cost Index for this area is 96 versus 100 at the national level. This makes Cincinnati an attractive option for those seeking to reduce their living expenses. Local companies based in and around Cincinnati include Procter & Gamble, Fifth Third Bank, Macy’s, and Kroger. These companies provide jobs to local residents in a wide variety of industries from banking and finance to retail and manufacturing.
Cincinnati (zip 45231) has an unemployment rate of 4.4%. The US average is 6.0%.
Cincinnati (zip 45231) 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 30.6%, which is lower than the US average of 33.5%.
Tax Rates for Cincinnati (zip 45231)
- The Sales Tax Rate for Cincinnati (zip 45231) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Cincinnati (zip 45231) is 4.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Cincinnati (zip 45231)
- The average income of a Cincinnati (zip 45231) resident is $29,641 a year. The US average is $37,638 a year.
- The Median household income of a Cincinnati (zip 45231) resident is $60,853 a year. The US average is $69,021 a year.