What Is The Average Annual Income In Cincinnati?

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What’s a good salary in Cincinnati?

A good salary in Cincinnati, OH is anything over $46,000. That’s because the median income in Cincinnati is $46,000, which means if you earn more than that you’re earning more than 50% of the people living in Cincinnati. The average salary in Cincinnati is $54,125. A good hourly wage in Cincinnati is $22.12 per hour.

How much do you need to live comfortably in Cincinnati?

The Census Bureau reports that the median salary in Cincinnati is $42,663. If you want to spend the recommended 30% of your income on rent, you will need to earn $31,120 to live in a one-bedroom apartment in Cincinnati. You can live well in Cincinnati on an average salary in a one or two bedroom apartment.

How expensive is it to live in Cincinnati?

Cost of living index in Cincinnati is 84.6. This index is determined by the cost of housing, groceries, transportation, health, and utilities. To put it simply, your dollar goes a long way here. Overall, Cincinnati’s cost of living is 8% lower than the national average.

What is middle class in Cincinnati?

We adjusted slightly based on data available from the American Community Survey—plus the fact that Cincinnati is more affordable than the average city—and defined the middle class in Cincinnati as a household income between $35,000 and $100,000.

What is a good yearly salary in Ohio?

Average Salary in Ohio. $45,313 is the 25th percentile. Salaries below this are outliers. $68,656 is the 75th percentile.

Which Cincinnati city employee makes the most money?

Paula Boggs Muething ranks as the city’s highest-paid employee, according to city data. Cincinnati’s top earners come from a variety of department, from the dentists to the city’s fire and police chiefs.

Why is rent so high in Cincinnati?

But rising mortgage rates, a dearth of homes for sale and demographic shifts that find more and more people choosing to rent promise to stoke the red-hot demand for apartments in Cincinnati and keep rents rising at a steady pace.

Is Ohio or Kentucky cheaper to live in?

Ohio is 7.7% more expensive than Kentucky.

How much is the average electric bill in Cincinnati?

In Cincinnati, OH, the average monthly electricity bill for residential consumers is $138/month, which is calculated by multiplying the average monthly consumption by the average rate for electricity: 1,178 kWh * 12 ¢/kWh.

What is the cheapest place to live in Ohio?

“Martins Ferry is the most affordable city in Ohio, thanks to the low price tag on housing. With a median home price of $70,900 and a median income of $42,348, Martins Ferry has the most impressive home price to income ratios of any city on this list.

Is Cincinnati a safe city?

Crime data says that Cincinnati has an above-average level of crime. This means that the violent crime and property crime rates are higher than both the national average and that of other cities in Ohio. However, these crimes are generally concentrated in certain neighborhoods within Cincinnati.

Is Cincinnati low cost of living?

1. Cincinnati, Ohio. Cincinnati claimed the top spot for the fourth year in a row. Average rent for a one-bed unit is $612 per month, the fifth-lowest of the 100 cities in the study, and it has a relatively low cost of living at $22,721 per year, putting it in the top ten, SmartAsset said.

What is considered high income in Ohio?

While ZipRecruiter is seeing salaries as high as $93,831 and as low as $18,308, the majority of salaries within the Upper Class jobs category currently range between $35,243 (25th percentile) to $61,333 (75th percentile) with top earners (90th percentile) making $75,980 annually in Ohio.

What is considered upper class?

Pew defines the upper class as adults whose annual household income is more than double the national median. In 2022, the national median household income is around $74,000. Therefore, as a whole, the typical upper-class household in the new decade has a median household income of over $130,000.

What is considered upper middle class?

A family earning between $32,048 and $53,413 was considered lower-middle class. For high earners, a three-person family needed an income between $106,827 and $373,894 to be considered upper-middle class, Rose says. Those who earn more than $373,894 are rich.

What is good hourly pay in Ohio?

Hourly Rate Salary in Ohio

How much money do you need to live comfortably in Ohio?

Ohio’s capital is one of the more affordable big cities to live in, with the income needed to live comfortably falling under $70,000 for homeowners.

What is a teachers salary in Ohio?

How much does a Public School Teacher make in Ohio? The average Public School Teacher salary in Ohio is $53,842 as of July 26, 2022, but the range typically falls between $44,969 and $65,647.

How much does the mayor of Cincinnati make a year?

What are Top 5 Best Paying Related Mayor Jobs in Cincinnati

How much do Bengals players make?

Cincinnati Bengals Contracts