Quality of Life Assessment in Cleveland, OH

Cost of Living

• Overview: Cleveland offers a lower cost of living compared to the national average. As of 2023, it's approximately 11% lower than the broader United States.
• Housing: Housing costs are particularly reasonable, with the city having some of the most affordable housing among major U.S. metropolitans.
• Utilities and Taxes: Utility bills and state taxes are generally aligned with national averages, providing additional savings.
• Groceries and Transportation: These expenses are typically below the national average, contributing to the overall affordability.

Housing Market

• Median Home Price: The median home price is around $150,000, significantly lower than the national median, offering great value for homebuyers.
• Property Taxes: Reasonable property taxes further enhance affordability, beneficial for long-term residents.
• Market Trends: While Cleveland’s real estate market is slightly less volatile than other regions, it is experiencing steady appreciation, making it attractive for investment.

Quality of Life

• Income Impact: With an annual income of $591,360, an individual in Cleveland enjoys a high standard of living, well above the city's median household income.
• Lifestyle: People can enjoy a comfortable lifestyle with luxury amenities, dining, and personal services easily attainable.
• Community and Culture: Cleveland’s vibrant arts scene, diversity, and community events contribute positively to lifestyle quality.

Access to Healthcare

• Healthcare Facilities: Cleveland is home to world-renowned medical institutions, including the Cleveland Clinic, providing top-tier healthcare services.
• Healthcare Costs: Medical expenses are generally lower than the national average, providing high-quality care at a reasonable price.
• Insurance and Coverage: With a substantial income, access to premium health insurance plans presents no issue, ensuring comprehensive coverage.

Quality of K-12 Schools

• Public Education: Cleveland's schools present a varied picture; however, there are standout public schools offering quality education.
• Private and Charter Schools: Many private and charter schools rank highly, giving residents more options for quality education.
• Investment in Education: With such a high income, private schooling or enhanced educational programs are easily accessible for families.

Summary

Cleveland, OH offers a high quality of life, especially for individuals earning $591,360 annually. The city combines a reasonable cost of living with affordable