Cincinnati, OH (45224) is a great place to live. The average two bedroom rent in Cincinnati is $930, which is $500 lower than the national average of $1,430. This could be a great opportunity for anyone looking for an affordable place to live. Additionally, groceries are relatively inexpensive in this area compared to the rest of the US. The grocery cost index in Cincinnati is 96 versus 100 in the US, making it a more economical choice when budgeting for food expenses. Some local companies that could potentially offer job opportunities include Procter & Gamble, Macy’s Inc., and Kroger Co. With such an attractive cost difference for both rent and groceries, Cincinnati can be an ideal option for many seeking to relocate without breaking their budgets.
Cincinnati (zip 45224) has an unemployment rate of 4.9%. The US average is 6.0%.
Cincinnati (zip 45224) has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 29.8%, which is lower than the US average of 33.5%.
Tax Rates for Cincinnati (zip 45224)
- The Sales Tax Rate for Cincinnati (zip 45224) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Cincinnati (zip 45224) is 6.6%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Cincinnati (zip 45224)
- The average income of a Cincinnati (zip 45224) resident is $25,521 a year. The US average is $28,555 a year.
- The Median household income of a Cincinnati (zip 45224) resident is $50,339 a year. The US average is $69,021 a year.