Table
| Population | |
|---|---|
| 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 |
| Per capita income in past 12 months (in 2020 dollars), 2016-2020 | $32,159 |
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.
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.
What is considered high income in Ohio?
While ZipRecruiter is seeing salaries as high as $90,065 and as low as $18,199, the majority of salaries within the Upper Class jobs category currently range between $35,465 (25th percentile) to $61,131 (75th percentile) with top earners (90th percentile) making $74,664 annually in Ohio.
Is it expensive to live in Cincinnati?
Cincinnati is one of the most affordable cities to live in the U.S. In the Cincinnati Region you can buy a great house for an affordable price, as well as pay for groceries, healthcare, transportation, and utilities without busting your budget.
What salary is Upper 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 Upper Class income for a single person?
An upper class income is usually considered at least 50% higher than the median household income. Therefore, an upper class income in America is $100,000 and higher. However, an upper class income also depends on where you live.
Whats it like living in Cincinnati?
What’s it like to live in Cincinnati, OH? Although Cincinnati is often perceived as a sleepy Midwestern metro area, residents benefit from a wealth of amenities, including museums, professional sports teams and a wide selection of restaurants. Families are drawn to Cincinnati for its excellent public.
Is Cincinnati a good place to retire?
Cincinnati ranks as the best place in Ohio and among the top 10% of cities in the U.S. to retire, according to a new report. The Queen City ranks No. 14 in 2019’s Best & Worst Places to Retire, a study from personal financial website Wallet Hub.
What is the average electric bill in Cincinnati Ohio?
Average Rates & Usage in Cincinnati
The average households monthly electricity usage was 720 kWh, making the average bill around $95.
What income is middle class in Ohio?
How much you have to earn to be middle class in every state
| State | Middle-class income | Median household income |
|---|---|---|
| Ohio | $43,949 | $58,642 |
| Kentucky | $43,747 | $52,295 |
| Indiana | $43,310 | $57,603 |
| Mississippi | $41,839 | $45,792 |
What is a good yearly salary in Ohio?
In 2020, the average annual pay of employees in Ohio totaled to 55,863 U.S. dollars. This is an increase from 2001 levels, when this figure stood at 33,283 U.S. dollars.
What is the wealthiest county in Ohio?
Delaware County, Ohio
Delaware County, Ohio
Delaware County, a suburb of state capital Columbus, usually makes the list of the richest counties in America.
What state is the cheapest to live in?
Mississippi
Mississippi is the cheapest state to live in in the United States. Overall, costs in the state are 17% lower than the national average. Housing costs in Mississippi are the lowest in the nation.
Is Cincinnati a nice place to live?
Cincinnati was ranked as the best place to live in Ohio. Here is what to love. U.S. News & World Report ranked Cincinnati as the No. 1 city to live in Ohio for 2021-22 – but the accolades don’t stop there.
How much does it cost to live comfortably in Ohio?
Our cost of living indices are based on a US average of 100. An amount below 100 means Ohio is cheaper than the US average.
Ohio cost of living is 82.6.
| COST OF LIVING | Ohio | United States |
|---|---|---|
| Grocery | 96.1 | 100 |
| Health | 87.4 | 100 |
| Housing | 60.9 | 100 |
| Median Home Cost | $179,700 | $291,700 |
How many Americans make over $100000 per year?
About 30.7% of households earned over $100,000 in 2020. In 2019, around 15.5% of Americans earned between $100,000 and $149,999; about 8.3% of the population earned between $150,000 and $199,999; and about 10.3% of the population earned over $200,000.
What is a good net worth by age?
The average net worth for U.S. families is $748,800. The median — a more representative measure — is $121,700.
Average net worth by age.
| Age of head of family | Median net worth | Average net worth |
|---|---|---|
| 35-44 | $91,300 | $436,200 |
| 45-54 | $168,600 | $833,200 |
| 55-64 | $212,500 | $1,175,900 |
| 65-74 | $266,400 | $1,217,700 |
Are doctors High class?
Most people in the upper-middle class strata are highly educated white collar professionals such as physicians, dentists, lawyers, accountants, engineers, military officers, economists, urban planners, university professors, architects, stockbrokers, psychologists, scientists, actuaries, optometrists, physical
How much does the average 35 year old make?
The median salary of 35- to 44-year olds is $1,127 per week, or $58,604 per year. That said, the number conceals considerable variation by gender. For example, male 35- to 44-year-olds earn a median salary of $1,232 per week, whereas women in the same age bracket earn a median $1,003 per week.
What are the 5 social classes?
Gallup has, for a number of years, asked Americans to place themselves — without any guidance — into five social classes: upper, upper-middle, middle, working and lower. These five class labels are representative of the general approach used in popular language and by researchers.
