The city of 43240 Columbus, OH is a great place to live due to its low cost of living. On average, the two-bedroom rent in this area of Columbus is only $1,430, which is on par with the US average. This relatively low cost extends to other areas such as groceries; the grocery cost index in this area is 101, compared to 100 in the US. The low cost of living makes it easier for residents to stay afloat financially. Furthermore, there are numerous local businesses including Nationwide Insurance, Huntington Bank, and Big Lots that offer employment opportunities for those who live here. In addition to employment opportunities, there are plenty of attractions around town such as COSI science museum and Columbus Zoo that make this city a great place to call home.
Columbus (zip 43240) has an unemployment rate of 5.7%. The US average is 6.0%.
Columbus (zip 43240) has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 34.2%, which is higher than the US average of 33.5%.
Tax Rates for Columbus (zip 43240)
- The Sales Tax Rate for Columbus (zip 43240) is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Columbus (zip 43240) is 6.4%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Columbus (zip 43240)
- The average income of a Columbus (zip 43240) resident is $32,023 a year. The US average is $28,555 a year.
- The Median household income of a Columbus (zip 43240) resident is $80,667 a year. The US average is $69,021 a year.