At 44127 Cleveland, OH, the average 2 bedroom rent is $810 which is significantly lower than the national average of $1,430. This makes living in Cleveland very affordable for most people. Also, according to the Grocery Cost Index in 44127 Cleveland, OH it is 90 versus 100 in the US which means that groceries are also cheaper here. Not only is living in Cleveland more cost-effective but there are many great local employers such as Eaton Corp., Key Bank National Association and Cleveland Clinic making this a great place for employment opportunities. All of these factors make 44127 Cleveland, OH an attractive place to live both economically and professionally.
Cleveland (zip 44127) has an unemployment rate of 6.8%. The US average is 6.0%.
Cleveland (zip 44127) 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 44127)
- The Sales Tax Rate for Cleveland (zip 44127) is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Cleveland (zip 44127) 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 44127)
- The average income of a Cleveland (zip 44127) resident is $14,693 a year. The US average is $37,638 a year.
- The Median household income of a Cleveland (zip 44127) resident is $28,525 a year. The US average is $69,021 a year.