Quality of Life in Cleveland, OH: A Financial Overview

Income and Cost of Living

• Annual Income: $92,800
• Cost of Living:
  • Generally lower than the national average.
  • Groceries, transportation, and healthcare are relatively affordable.
  • Utilities and miscellaneous costs align closely with national figures.

Housing Market

• Current Landscape:

  • Median home prices are significantly lower than the national average.
  • Homeownership presents a feasible option for individuals with the given income.
  • Renters also benefit from relatively low costs compared to other U.S. cities.

• Market Trends:

  • Moderate market growth.
  • Diverse architectural styles and neighborhoods to choose from.

Quality of Life

• Community and Environment:

  • Rich cultural scene with museums, theaters, and music venues.
  • Vibrant community events and a strong sense of local culture.
  • Variety in dining, from local eateries to fine dining.

• Recreation and Nature:

  • Proximity to Lake Erie offers water-based activities.
  • Numerous parks and outdoor spaces.

Access to Healthcare

• Healthcare System:
  • Robust healthcare infrastructure with renowned hospitals such as the Cleveland Clinic.
  • Accessibility and quality of care are high relative to national standards.
  • Insurance plans and medical costs are generally affordable.

Quality of K-12 Schools

• Public School System:

  • Diverse range of schools with varying performance levels.
  • Emerging programs focused on STEM and arts.

• Private and Charter Schools:

  • Several high-performing institutions available.
  • Options for specialized educational programs.

Summary of the Assessment

Living in Cleveland, OH, on an annual income of $92,800 offers a comfortable lifestyle relative to the cost of living and home prices in the United States. The city's lower cost of living, combined with affordable housing, allows for greater financial flexibility, enabling individuals to enjoy cultural amenities, healthcare access, and educational opportunities. This income level supports a balanced lifestyle with considerable access to various quality-of-life enhancements.