Quality of Life in Cleveland, OH on a $79,920 Salary

Overview of Cost of Living

• General Affordability: Cleveland is known for a relatively low cost of living compared to the national average.
• Cost Index: Overall cost of living index is approximately 75-80, with the national average being 100.
• Savings Potential: Individuals can expect to save more or enjoy a higher disposable income due to lower expenses.

Housing Market

• Median Home Price: The median home price in Cleveland is significantly less than the national average, hovering around $150,000 compared to the U.S. median of $375,000.
• Renting vs. Buying: Renting too is affordable, with average monthly rents for a one-bedroom apartment at about $800-$1,000.
• Market Trends: Stable housing market with potential for appreciation in certain growing neighborhoods.

Quality of Life

• Community and Culture: Cleveland offers a rich cultural experience with various museums, theatres, and a famous culinary scene.
• Recreational Activities: Proximity to Lake Erie, numerous parks, and sporting events make it easy to engage in leisure activities.
• Traffic and Commute: Generally moderate traffic with a more relaxed pace compared to major cities like New York or Los Angeles.

Access to Healthcare

• Healthcare Facilities: Home to world-renowned institutions like the Cleveland Clinic, offering high-quality medical services.
• Insurance and Cost: Health insurance costs are relatively manageable, with various plans that cater to different income levels.
• Health Outcomes: Generally positive health outcomes, with access to preventive care being widely emphasized.

Quality of K-12 Schools

• Public Education: Diverse range of public schools with some noted for their academic programs.
• Private and Charter Options: Availability of several reputable private and charter schools offering alternatives to public education.
• State Performance: Ohio’s educational system is improving, with consistent emphasis on academic development and extracurricular programs.

Summary of the Assessment

Living in Cleveland, OH, on an annual salary of $79,920 provides a comfortable lifestyle due to the region's low cost of living and affordable housing market. Residents benefit from exceptional cultural amenities, reliable healthcare access, and a range of educational opportunities for children. The quality of life is often enhanced by the community’s diversity, vibrant arts scene, and recreational offerings, making