Cincinnati Named One of America’s Most Affordable Cities

Cincinnati pic

Cincinnati
Image: bizjourals.com

Theodore “Ted” Catino is an entrepreneur with an active consulting and mentoring career. In 1986, Ted Catino and his wife Becky founded Security National Automotive Acceptance Corporation (SNAAC), which was sold in 2011 after having won the Community Service Award from the Thank You Foundation and the 2002 Small Business of the Year award from the Greater Cincinnati Chamber of Commerce.

The Greater Cincinnati Chamber of Commerce works hard to support the economic viability of the city of Cincinnati and recently reported that the city was named in 2015 by Forbes as one of America’s most affordable cities to live in. The list considered median income and housing affordability for cities with populations of 600,000 or more.

Cincinnati’s median income is $68,500, while the national average is $63,900. Median housing prices are valued at about $133,000, making housing affordable to 83.9 percent of the population. Groceries, utilities, and transportation all come in at lower costs than elsewhere in the US. A city’s affordability is a major factor in how livable a certain place is and contributes greatly to the health and success of its citizens.

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