Quality of Life for a Cleveland Resident Earning $72,640 Annually

Living in Cleveland, OH on an annual salary of $72,640 provides a unique quality of life. Here's an analysis based on the cost of living, housing market, quality of life, access to healthcare, and quality of K-12 schools.

Cost of Living

• Median Income vs. Cost: With an annual income of $72,640, a resident earns slightly above the median income for the U.S., allowing for a comfortable lifestyle.
• Comparison to National Average: Cleveland has a lower cost of living compared to the national average, making basic necessities more affordable.
• Utilities and Transportation: Expenses such as utilities and public transportation are relatively low, further enhancing disposable income.

Housing Market

• Affordable Housing: Cleveland's housing market is considerably more affordable than many other U.S. cities.
• Median Home Price: The median home price is significantly lower than the national average, allowing greater accessibility to homeownership.
• Rental Market: Rent prices are moderately priced, offering flexibility for those not ready to purchase a home.

Quality of Life

• Cultural and Recreational Opportunities: Residents have access to cultural attractions, including museums, theaters, and sports venues, contributing to a vibrant lifestyle.
• Community and Environment: Cleveland offers a friendly, community-focused environment with numerous parks and green spaces.

Access to Healthcare

• Healthcare Facilities: Cleveland is home to world-renowned healthcare institutions like the Cleveland Clinic, providing exceptional medical services.
• Insurance and Costs: Health insurance costs are relatively manageable, and access to quality care enhances overall life satisfaction.

Quality of K-12 Schools

• Public School System: The city's public schools are a mix of high-performing and underperforming institutions, necessitating careful selection by parents.
• Private and Charter Schools: There are additional educational options available through private and charter schools, which often offer specialized programs.

Assessment

For an individual earning $72,640 per year, Cleveland offers a favorable quality of life. The lower cost of living, affordable housing, and ample cultural amenities contribute positively to life satisfaction. Access to leading healthcare institutions and various educational options further highlights Cleveland as an attractive place to live when compared to other urban areas in the United States.