Quality of Life in Cleveland, OH on a $77,200 Salary

Cleveland, Ohio, offers a distinct quality of life characterized by affordable living costs, a diverse housing market, and accessible amenities. Below is an evaluation of how a salary of $77,200 per year positions an individual relative to the broader United States.

Cost of Living

• Overall Affordability: Compared to the national average, Cleveland has a relatively low cost of living. A salary of $77,200 offers a comfortable lifestyle, allowing for discretionary spending and savings.
• Basic Expenses: Utilities, groceries, and transportation costs in Cleveland are typically below the national averages, enhancing purchasing power.
• Dining and Entertainment: The city boasts various affordable dining and entertainment options, contributing to a rich and diverse social life.

Housing Market

• Home Price: The median home price in Cleveland is significantly lower than the national median. This makes homeownership more attainable for those earning $77,200 per year.
• Rental Costs: For those preferring to rent, Cleveland offers competitive rental prices, providing options across various neighborhoods without severely impacting disposable income.
• Market Dynamics: The housing market in Cleveland is diverse, with a mix of historic homes and modern apartments, catering to different lifestyle preferences.

Quality of Life

• Community and Culture: Cleveland is known for its vibrant arts scene, diverse cultural institutions, and historic neighborhoods, enhancing the city's living experience.
• Recreational Opportunities: With access to Lake Erie and numerous parks, residents can enjoy a variety of outdoor activities throughout the year.

Access to Healthcare

• Healthcare Facilities: Cleveland is home to several renowned healthcare institutions, including the Cleveland Clinic, providing residents with excellent medical services.
• Cost and Insurance: Healthcare costs in Cleveland align with national averages, though having employer-provided insurance can significantly reduce individual expenses.

Quality of K-12 Schools

• Public Education: The quality of public schools in Cleveland varies, with some schools receiving high ratings for academic performance and available resources.
• Alternative Education Options: Private and charter schools provide additional educational choices for families seeking different curriculums or specialized programs.

Summary

A $77,200 salary in Cleveland, OH, supports a quality lifestyle with several advantages over many other U.S. locations:

• The cost of living is lower, enhancing overall financial well-being.
• Housing is more accessible