Quality of Life in Cleveland, OH on an Annual Income of $152,480
Overview
Cleveland, Ohio, offers a relatively high quality of life for individuals and families earning $152,480 annually. This income level is significantly above the median household income both locally and nationally, allowing for a comfortable lifestyle in this Midwest city.
Cost of Living
- General Expenses: The cost of living in Cleveland is approximately 20% lower than the national average.
- Transportation: Public transportation is accessible and affordable; however, many residents prefer owning a car due to convenience.
- Utilities: Utility costs are generally below national norms, adding to the affordability.
Housing Market
- Home Prices: As of recent data, the median home price in Cleveland is significantly lower than the national median, with prices around $150,000 compared to the national median exceeding $350,000.
- Renting vs. Buying: With housing affordability, buying a home is a realistic option for individuals earning this income. Renting is also economical, with typical monthly rent for a two-bedroom apartment well within budget.
Quality of Life
- Entertainment and Dining: Cleveland offers a vibrant cultural scene with various museums, theaters, and diverse dining options.
- Outdoor Activities: Access to parks and Lake Erie provides ample opportunities for outdoor recreation.
- Community and Diversity: Strong community ties and diverse neighborhoods enhance residents' quality of life.
Access to Healthcare
- Healthcare Facilities: Cleveland is home to world-renowned healthcare institutions like the Cleveland Clinic, offering top-tier medical services.
- Insurance Coverage: With a high income, securing comprehensive health insurance should be manageable.
Quality of K-12 Schools
- Public Schools: Some public schools in Cleveland are highly rated, while others may face challenges, reflective of many urban public school systems.
- Private Education: A range of private and charter schools provide alternative education options at various price points.
Summary
In Cleveland, an individual earning $152,480 annually can enjoy a high quality of life. The lower cost of living and affordable housing market enable substantial discretionary income for other life aspects such as healthcare, education, and leisure activities. Access to top-tier medical facilities and a choice of educational institutions further enhance life quality, making Cleveland a favorable choice for professionals and families seeking comfort and affordability.
