Quality of Life in Cleveland, OH on a $85,440 Income

Overview of Cleveland’s Cost of Living

• Affordability Index: Cleveland generally has a lower cost of living compared to the national average in the United States.
• Essentials: Grocery, transportation, and utility costs are below the average U.S. city, making day-to-day expenses relatively manageable.
• Comparison to U.S. Average: While the national cost of living index is around 100, Cleveland often scores around 78, indicating more affordability.

Housing Market

• Median Home Prices: As of 2023, the median home price in Cleveland is significantly lower than the U.S. median, which is a major advantage for homebuyers.
• Renting vs. Buying: For those making $85,440 annually, both buying and renting options are financially accessible, with costs often lower than in comparably sized cities elsewhere in the country.
• Investment Potential: The relatively low home prices present good opportunities for investment, with potential for appreciation as Cleveland undergoes steady economic development.

Quality of Life

• Income Suitability: An $85,440 salary in Cleveland provides a comfortable lifestyle, allowing for savings, entertainment, and discretionary spending.
• Employment Opportunities: Cleveland has a diversified economy with growing sectors in healthcare, finance, and technology.
• Cultural and Recreational Activities: The city offers a vibrant arts scene, professional sports teams, and numerous parks and outdoor activities.

Access to Healthcare

• Healthcare Facilities: Cleveland is home to some renowned healthcare institutions, such as the Cleveland Clinic, offering top-tier medical services.
• Costs: Healthcare costs are competitive with lower urban areas due to the abundance of facilities and professionals.
• Insurance and Accessibility: An average salary can comfortably cover healthcare insurance, and residents have ample access to both general and specialized medical care.

Quality of K-12 Schools

• Public Schools: Cleveland has a diverse range of public schools, with some well-rated institutions in the suburban areas.
• Private and Charter Schools: A selection of private and charter schools provides alternatives that emphasize various educational philosophies and disciplines.
• School District Variability: Quality can vary significantly by district, necessitating research into specific schools for parents prioritizing education.

Final Assessment of Living in Cleveland on an $85,440 Salary

Living in Cleveland