Situated in northeastern Ohio, 44123 Euclid is a vibrant city full of business opportunities. With an average two bedroom rent of $990, it is much cheaper than the national average of $1,430. Additionally, groceries are also more affordable in 44123 Euclid with a grocery cost index value of 94 compared to the US index value of 100. This makes starting a business or settling down into the area much more economically feasible than other places.
Businesses in 44123 Euclid take advantage of its environment and atmosphere. Companies such as The North Coast Brewing Company, which specializes in craft brews, or Sterle’s Country House Restaurant have become staples in the local economy. It has also been home to corporate headquarters for notable companies like Eaton Corporation and Figgie International. With so many options available for businesses looking for a place to call home, 44123 Euclid provides an excellent economic opportunity for those seeking to capitalize on its great economy.
Euclid (zip 44123) has an unemployment rate of 6.4%. The US average is 6.0%.
Euclid (zip 44123) 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 21.8%, which is lower than the US average of 33.5%.
Tax Rates for Euclid (zip 44123)
- The Sales Tax Rate for Euclid (zip 44123) is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Euclid (zip 44123) is 6.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Euclid (zip 44123)
- The average income of a Euclid (zip 44123) resident is $26,859 a year. The US average is $37,638 a year.
- The Median household income of a Euclid (zip 44123) resident is $45,087 a year. The US average is $69,021 a year.