Cleveland, Ohio (44114) is an affordable place to live. The average rent for a two bedroom apartment in this area is $1,180, which is significantly lower than the US national rate of $1,430. Grocery costs are also more affordable than the US average, with a Grocery Cost Index score of 94 compared to a national index of 100. Cleveland residents have access to many amenities such as world-class museums and entertainment venues like the Rock and Roll Hall of Fame. There are also several local businesses located in this area such as Great Lakes Brewing Company, Cleveland Museum of Art, and Forest City Shoe Company. Additionally, Cleveland is close to many other nearby cities like Akron and Canton which provide even more options for shopping and dining.
Cleveland (zip 44114) has an unemployment rate of 6.8%. The US average is 6.0%.
Cleveland (zip 44114) has seen the job market decrease by -10.1% 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 44114)
- The Sales Tax Rate for Cleveland (zip 44114) is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Cleveland (zip 44114) 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 44114)
- The average income of a Cleveland (zip 44114) resident is $31,759 a year. The US average is $37,638 a year.
- The Median household income of a Cleveland (zip 44114) resident is $45,279 a year. The US average is $69,021 a year.