Cincinnati, Ohio (45219) is a city with a steady economy. According to recent studies, the average 2 bedroom rent in this area is $1,280, cheaper than the US average of $1,430. Also, the Grocery Cost Index in Cincinnati is 97 versus 100 being an indicator of a lower cost of living compared to other areas. There are many companies that make up Cincinnati's economy such as Procter & Gamble and Kroger who have had a significant presence in the city for generations. Additionally, there are several large employers like Macy's and General Electric that have brought jobs to the city as well as expanding industries such as aerospace and tech. All these factors indicate a vibrant economic future for Cincinnati, which makes it an ideal place to live or invest in.
Cincinnati (zip 45219) has an unemployment rate of 4.9%. The US average is 6.0%.
Cincinnati (zip 45219) has seen the job market decrease by -4.7% 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 45219)
- The Sales Tax Rate for Cincinnati (zip 45219) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Cincinnati (zip 45219) 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 45219)
- The average income of a Cincinnati (zip 45219) resident is $18,579 a year. The US average is $37,638 a year.
- The Median household income of a Cincinnati (zip 45219) resident is $32,800 a year. The US average is $69,021 a year.