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The Booming Cincinnati Job Market

Cincinnati: The Queen City is Booming

The city of Cincinnati, situated on the Ohio River, has a diverse and vibrant economy. According to new figures from the U.S. Bureau of Labor Statistics, Cincinnati is the only Ohio metropolitan area among the nation's fastest-growing job markets and is ranked fifth of all U.S. metros.

National and international companies such as American Financial Corporation, Duke Energy, The Kroger Company, Omnicare, Cincinnati Milacron, Proctor & Gamble Company and Western-Southern Insurance have headquarters in Greater Cincinnati, which is comprised of parts of Ohio, Kentucky and Indiana.

In 2012, Cincinnati was also ranked:

  • Second "Most Unexpected Cities for High-Tech Innovation" in Techie Magazine.
  • In the "Top 10 Great Cities for Young People" in Editions by AOL magazine.
  • Ninth "Best Cities for Raising a Family" in Forbes magazine.

And as of July 1, 2005, the U.S. Census Bureau estimates that the Cincinnati metropolitan area-with a population of 2,113,011-is growing at a rate of about one percent annually.

So whether you already live in the Queen City or are planning to move there, putting some of your things in storage will make the transition smoother.

Employment Growth Trends and Forecasts

Employment growth for Cincinnati is in the positive column. From 2012 to 2017, employment is projected to grow at roughly 1.4 percent per year.

The Greater Cincinnati area, with more than 30 hospitals, employed over 20,000 registered nurses in 2008.

According to the Current Employment Statistics published by the Bureau of Labor statistics, in 2007 through 2011, Cincinnati showed growth in:

  • Health services - 6.9 percent.
  • Educational services - 4.8 percent.
  • Mining - 2.6 percent.

The highest employment levels by industry in 2011 were:

  • Wholesale/retail trade - nearly 160,000.
  • Professional and business services - nearly 150,000 with expected growth of 30,000 by 2017.
  • Health services - 130,000 with expected growth of 17,000 by 2017.

Employment growth trends in Tri-state Cincinnati are so strong that Randy Tucker of Journal News says, if predictions are correct, "Cincinnati will outgrow Cleveland to become Ohio's largest economy."

All this growth means you'll likely be able to purchase some of those luxury items you've been wanting, so put your treasured keepsakes in storage and go shopping.

Cincinnati Industry Clusters

If you are looking for a job in Cincy, the Economics Center for Education & Research at the University of Cincinnati reports that the major industry clusters of Greater Cincinnati are in:

  • Advanced design services.
  • Business management.
  • Financial services.
  • Biotechnology.
  • Digital equipment and telecommunications.
  • Software and data processing.
  • Advanced manufacturing.
  • Aerospace.
  • Chemicals and plastics.
  • Motor vehicle manufacturing.

The Economic Engine

"Downtown is the engine, the economic engine, for everything that happens in our entire region," says Cincinnati Mayor Mark Mallory. Backed by Mayor Mallory, the Queen City's downtown is experiencing an economic revitalization bolstered by a new cityscape:

  • The Banks - Recipient of the American Planning Association's 2013 National Planning Excellence Award, this 18-acre development of residences, offices, hotels and retail shops sits right on the central riverfront.

  • Queen City Square - Completed in January 2011 and home to Great American Insurance, Queen City Square is a 41-story postmodern skyscraper aptly topped by a tiara.

  • Smale Riverfront Park - Fountains, walkways, playgrounds and restaurants make this location a leisure destination for all and an ideal way to stimulate economic growth.

Relocating to Cincy?

Living in Cincinnati makes a lot of financial sense too. In 2012, Cincinnati's:

  • Median home price was $110,000.
  • Median income was $71,300, about 10 percent higher than the U.S. median.
  • Affordability score was 90.2 percent.

"Name-brand employers offering nice salaries, combined with reasonable home prices make Cincinnati one of the most affordable places to live in the country," says Les Christie of CNN Money.

Great employment rates, job growth and an affordable housing market make Cincinnati a queen city indeed. So get packing. Storing some items ahead of your big move will give you more time to house hunt. If you already live in Cincy and find yourself in need of extra storage space, perhaps even a temperature controlled storage unit, use our website to find a storage location near you.

"Cincinnati Area Job Growth Strong", Journal News - http://www.journal-news.com/news/business/economy/cincinnati-area-job-growth-strong/nRKDD/

"Welcome to Cincinnati, Ohio", MoveInandOut.com - http://www.moveinandout.com/city_guide_for_moving_to_cincinnati_ohio.aspx

"Labor Market and Demographic Analysis: A Metro-Level Picture of Short-term Employment Growth by Skill in Cincinnati", The Urban Institute - http://www.urban.org/UploadedPDF/Cincinnati-memo.pdf

"Cincinnati Employment", CityTownInfo.com - http://www.citytowninfo.com/places/ohio/cincinnati/work

"Smart Growth Stories: A Mayor's Perspective", Smart Growth America - http://www.smartgrowthamerica.org/2012/03/06/smart-growth-stories-a-mayors-perspective/

"Most Affordable U.S. Cities to Buy a Home", CNN Money - http://money.cnn.com/galleries/2012/real_estate/1205/gallery.affordable-homes/10.html

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