The US average is 7.3%. – The Income Tax Rate for Cincinnati is 5.6%. The US average is 4.6%.
Income and Salaries for Cincinnati.
| ECONOMY | Cincinnati, Ohio | United States |
|---|---|---|
| Unemployment Rate | 4.9% | 6.0% |
| Recent Job Growth | -4.7% | -6.2% |
| Future Job Growth | 29.8% | 33.5% |
| Sales Taxes | 7.0% | 6.2% |
Does Cincinnati have a good economy?
Cincinnati is now the 28th largest economy in the country based on current-dollar GDP, ranking in front of Kansas City, Las Vegas, Nashville, New Orleans and Salt Lake City. The two other major Ohio cities ranked just behind Cincinnati, with Cleveland at No. 30 and Columbus at No.
How is the economy in Cincinnati Ohio?
With $152.6 billion in economic activity in 2020, Cincinnati’s economy was the largest in Ohio, the fifth largest in the Midwest and the 27th largest nationwide. The COVID-19 pandemic hammered economic growth among America’s 50 largest metro regions with 47 of them seeing a drop in economic activity.
What is the major industry in Cincinnati?
The Cincinnati region is uniquely positioned to support growth in Advance Manufacturing, Technology, Business and Professional Services, and Biohealth.
What is 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.
What percentage of Cincinnati is black?
41.37%
According to the most recent ACS, the racial composition of Cincinnatiwas: White: 50.33% Black or African American: 41.37% Two or more races: 4.58%
What is the cost of living in Cincinnati Ohio?
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 the average annual income in Cincinnati?
Table
| Population | |
|---|---|
| Transportation | |
| Mean travel time to work (minutes), workers age 16 years+, 2016-2020 | 23.5 |
| Income & Poverty | |
| Median household income (in 2020 dollars), 2016-2020 | $42,663 |
What is the unemployment rate in Cincinnati Ohio?
Cincinnati
| Data Series | Dec 2021 | Mar 2022 |
|---|---|---|
| Unemployment Rate(3) | (2)3.1 | 3.5 |
| Nonfarm Wage and Salary Employment | ||
| Total Nonfarm(4) | 1,100.3 | 1,090.2 |
| 12-month % change | 2.1 | 1.7 |
What percentage of Cincinnati is Hispanic?
2020 census
| Race / Ethnicity | Pop 2010 | % 2020 |
|---|---|---|
| Some Other Race alone (NH) | 721 | 0.55% |
| Mixed Race/Multi-Racial (NH) | 6,625 | 4.41% |
| Hispanic or Latino (any race) | 8,308 | 5.12% |
| Total | 296,943 | 100.00% |
Is Cincinnati a good place to live?
Cincinnati has been ranked as one of the best places to live in the country, according to U.S. News & World Report. Cincinnati has been ranked 41 among 150 metro areas in the country. The ranking is based on the quality of life and the job market as well as the value of living there and people’s desire to live there.
Who is the biggest employer in Cincinnati?
The largest employers in the region by size of workforce are:
- University of Cincinnati, 15,000+
- Cincinnati Children’s Hospital Medical Center, 12,000+
- The Procter & Gamble Company, 12,000+
- TriHealth, Inc., 10,000+
- UC Health, 8,000+
- GE Transportation, 7,500+
- St. Elizabeth Healthcare, 7,000+
- Fifth Third Bank, 7,000+
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.
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.
What is a good yearly salary in Ohio?
Average Salary in Ohio. $45,313 is the 25th percentile. Salaries below this are outliers. $68,656 is the 75th percentile.
Is Cincinnati a Democratic city?
The mayors of most of the 10 largest cities in the state (Columbus, Cleveland, Cincinnati, Toledo, Akron, Dayton, Youngstown, Canton, Parma, Lorain) are Democrats.
Is Cincinnati a segregated city?
Racial segregation in U.S. neighborhoods has declined over the past several decades but it remains very high. Meanwhile, residential segregation by income has risen sharply from the relatively low levels in the 1970s.
Where is the best area to live in Cincinnati?
Which Cincinnati Neighborhoods are the Best?
- Hyde Park – Great shopping and easy living.
- Mount Lookout – Best Cincinnati neighborhood for young professionals.
- Mount Adams – Home to wealthy young Cincinnati professionals.
- Over-The-Rhine – LGBT friendly neighborhood.
- Indian Hill – The richest Cincinnati suburb.
What are winters like in Cincinnati?
The cold season lasts for 3.0 months, from December 1 to March 1, with an average daily high temperature below 49°F. The coldest month of the year in Cincinnati is January, with an average low of 25°F and high of 40°F.
Is it cheaper to live in Florida or Ohio?
Ohio is 8.5% cheaper than Florida.
How much is a gallon of milk in Cincinnati?
Food prices
| Markets | Edit |
|---|---|
| Milk (regular), (1 gallon) | 2.85$ |
| Loaf of Fresh White Bread (1 lb) | 2.34$ |
| Rice (white), (1 lb) | 1.78$ |
| Eggs (regular) (12) | 2.57$ |