The city of Cleveland, Ohio (44111) offers a great quality of life at a comparatively low cost. The average 2 bedroom rent is $940, much lower than the US average rate of $1,430. In addition, the Grocery Cost Index in Cleveland is 94 versus 100 in the US, making it a great choice for people who want to keep their food costs down.
Cleveland is home to many large corporations such as KeyCorp, Sherwin-Williams Company and Cliffs Natural Resources. Additionally, there are numerous smaller businesses scattered throughout the city which include tech startups, restaurants and boutiques. The downtown area offers arts and culture venues ranging from Severance Hall to Playhouse Square Theater. With its high quality of life and abundance of job opportunities, Cleveland is an appealing place to live for people looking for an affordable yet interesting city to call home.
Cleveland (zip 44111) has an unemployment rate of 6.8%. The US average is 6.0%.
Cleveland (zip 44111) 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 21.4%, which is lower than the US average of 33.5%.
Tax Rates for Cleveland (zip 44111)
- The Sales Tax Rate for Cleveland (zip 44111) is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Cleveland (zip 44111) 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 44111)
- The average income of a Cleveland (zip 44111) resident is $26,320 a year. The US average is $37,638 a year.
- The Median household income of a Cleveland (zip 44111) resident is $47,076 a year. The US average is $69,021 a year.