Quality of Life in Cleveland, OH: A Financial Overview

Income Context

• Annual Salary: $72,960
• Comparison to Median: Slightly above the national median household income, which is approximately $70,784 as of 2023.

Cost of Living

• Overall Cost: Generally lower than the national average.
• Groceries: Affordable, with prices below the U.S. average.
• Utilities: Costs are on par or slightly below the national average.
• Transportation: Public transport options are available, contributing to moderate transportation expenses.

Housing Market

• Median Home Price: Below the national average, making home ownership more accessible.
• Rental Costs: Affordable relative to income, with various options in different neighborhoods.
• Market Trends: Steady growth, with increasing interest in urban living contributing to revitalization projects.

Quality of Life

• Community and Recreation: A rich cultural scene with museums, theaters, and sporting events.
• Environmental Factors: Proximity to Lake Erie allows for outdoor activities, though winters can be harsh.
• Entertainment and Dining: A burgeoning food scene with diverse dining options.

Access to Healthcare

• Healthcare Institutions: Home to renowned facilities such as the Cleveland Clinic, offering high-quality healthcare services.
• Costs: On par with national averages but with excellent service options available.

Quality of K-12 Schools

• Public Schools: Varying quality, with some highly rated schools primarily in suburban areas.
• Education Programs: Strong emphasis on STEM and arts in many districts.
• School Choices: Availability of charter and magnet schools providing alternatives.

Summary

Living in Cleveland, OH, with an annual salary of $72,960 provides a comfortable quality of life due to its affordable cost of living and housing market. The city’s cultural offerings and access to quality healthcare contribute positively, though school quality can vary depending on the area. Overall, Cleveland allows individuals to enjoy a balanced lifestyle with their earnings compared to larger, more expensive urban centers in the United States.