Zip 44115 (Cleveland, OH) Economy


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The median 2 bedroom rent price for 44115 Cleveland, OH is $1,110 which is significantly lower than the US average of $1430. Additionally, the grocery cost index in this area is 95 versus 100 in the US. This makes the city an attractive and affordable option for renters. The local economy of 44115 Cleveland offers plenty of opportunities to its residents with a variety of businesses that have been thriving in the area for years. A few popular companies include BRG Precision Products Inc., Automation Solutions LLC, and Biochem Environmental Solutions Inc. These three companies offer numerous career paths within their regions. With their high performance in terms of quality products and services they have become one of the leading organizations in this part of Ohio.

Cleveland (zip 44115) has an unemployment rate of 6.8%. The US average is 6.0%.

Cleveland (zip 44115) has seen the job market increase by 1.0% 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 44115)
- The Sales Tax Rate for Cleveland (zip 44115) is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Cleveland (zip 44115) 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 44115)
- The average income of a Cleveland (zip 44115) resident is $13,178 a year. The US average is $28,555 a year.
- The Median household income of a Cleveland (zip 44115) resident is $19,083 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyCleveland, OhioUnited States
  6.86
  -10.1%-6.2%
  21.4%33.5%
  8.0%6.2%
  5.5%4.6%
  $20,379$37,638
  $19,083$69,021
  $15,785$85,028
  Population by Occupation
  1.0%1.2%
  0.0%0.5%
  2.8%6.8%
  5.9%10.0%
  1.8%2.5%
  10.1%11.0%
  4.7%4.8%
  0.6%0.8%
  0.6%1.9%
  3.9%4.7%
  2.4%1.9%
  7.6%7.6%
  0.0%0.1%
  4.0%4.2%
  8.5%9.3%
  24.7%14.0%
  8.0%2.1%
  6.1%7.0%
  4.4%4.8%
  3.0%4.7%
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