Quality of Life in Cleveland, OH for an Income of $147,200

Cost of Living Summary

• Cleveland, OH enjoys a relatively moderate cost of living compared to other major U.S. cities.
• Key expenses such as groceries, transportation, and utilities tend to be lower than the national average.
• The cost of living index places Cleveland below the U.S. average, making $147,200 a comfortable income.

Housing Market

• Median Home Price: As of recent data, the median home price in Cleveland is significantly below the national average.
• Affordable Housing: An income of $147,200 allows for purchasing a desirable home in mid to upmarket neighborhoods without financial strain.
• Renting: Rental prices also remain affordable, offering flexibility for those not ready to purchase.

Quality of Life

• Discretionary Income: With lower living costs, residents can allocate more of their income towards savings, leisure, and entertainment.
• Community and Recreation: Cleveland offers rich cultural and recreational amenities, including museums, theaters, and parks.
• Climate: While winters can be harsh, the region experiences four distinct seasons, which some residents appreciate.

Access to Healthcare

• Cleveland boasts a strong healthcare infrastructure, home to renowned institutions like the Cleveland Clinic.
• Access to healthcare services is generally good, ensuring both routine and specialized care is accessible.
• The cost of healthcare services aligns closely with national averages.

Quality of K-12 Schools

• Public School System: Cleveland's public schools offer varied quality, with efforts ongoing to enhance education standards and performance.
• Private and Charter Schools: Numerous private and charter school options provide additional educational opportunities.
• Engagement in educational initiatives by local communities aims to further improve schooling quality across the board.

Summary

Living in Cleveland, OH with an income of $147,200 generally offers an excellent quality of life. The city's moderate cost of living, alongside its affordable housing, allows for a comfortable lifestyle. While the area's climate might not appeal to everyone, its vibrant cultural scene and solid healthcare infrastructure round out a desirable living situation. Access to quality education requires some consideration, but the wide availability of schooling options provides families with flexibility. Overall, Cleveland presents a sound balance of economic and lifestyle benefits.