The city of Cleveland, OH (zip code 44103) offers two bedroom rent at a price point of $820, far lower than the US average of $1,430. The Grocery Cost Index in Cleveland is 92, indicating that grocery prices are lower than the US average. This makes Cleveland an ideal location for those who are looking for affordable living. As such there are numerous local companies that cater to the city's residents. Examples include: Cleveland Clothing Company, which provides quality apparel for everyone; Downtown Doggy Daycare & Spa, which offers a luxurious experience for man's best friend; and Voodoo Brewery, which serves up local craft beer. With so many options it is no wonder why so many people choose to make their home in Cleveland.
Cleveland (zip 44103) has an unemployment rate of 6.8%. The US average is 6.0%.
Cleveland (zip 44103) 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 44103)
- The Sales Tax Rate for Cleveland (zip 44103) is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Cleveland (zip 44103) 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 44103)
- The average income of a Cleveland (zip 44103) resident is $13,394 a year. The US average is $28,555 a year.
- The Median household income of a Cleveland (zip 44103) resident is $22,122 a year. The US average is $69,021 a year.