Zip 44109 (Cleveland, OH) Economy


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Cleveland, OH (44109) is a great place to live and work. The 2 bedroom rent here is $840 per month which is significantly lower than the US average of $1,430. This makes it an affordable option for families of any size. Additionally, the grocery cost index in Cleveland is 94 versus 100 in the US meaning that groceries are more affordable here than in other parts of America. \nIn Cleveland, there are many local companies from which to choose for employment opportunities. Major companies include KeyBank, Progressive Insurance Company, Sherwin-Williams Company and Eaton Corporation. Cleveland is also home to many small businesses including Shaker Square Hardware Store, Rising Star Coffee Roasters and Zagara's Marketplace. With a combination of major corporations as well as small local businesses, Cleveland provides ample job opportunities to its citizens.

Cleveland (zip 44109) has an unemployment rate of 6.8%. The US average is 6.0%.

Cleveland (zip 44109) 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 44109)
- The Sales Tax Rate for Cleveland (zip 44109) is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Cleveland (zip 44109) 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 44109)
- The average income of a Cleveland (zip 44109) resident is $17,026 a year. The US average is $28,555 a year.
- The Median household income of a Cleveland (zip 44109) resident is $36,777 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyCleveland, OhioUnited States
  6.86
  -10.1%-6.2%
  21.4%33.5%
  8.0%6.2%
  5.5%4.6%
  $21,757$37,638
  $36,777$69,021
  $43,103$85,028
  Population by Occupation
  0.1%1.2%
  0.0%0.5%
  7.2%6.8%
  13.1%10.0%
  3.9%2.5%
  11.4%11.0%
  5.6%4.8%
  0.3%0.8%
  1.8%1.9%
  2.9%4.7%
  2.0%1.9%
  4.8%7.6%
  0.1%0.1%
  5.8%4.2%
  4.8%9.3%
  17.7%14.0%
  1.9%2.1%
  8.2%7.0%
  4.0%4.8%
  4.2%4.7%
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