Overall Cost of Living: Cleveland, OH, generally has a lower cost of living compared to the national average. This makes a salary of $54,400 stretch further than it might in many other urban areas across the United States.
Major Expenses:
Median Home Price: As of the last update, the median home price in Cleveland is significantly below the national average, making homeownership more accessible for many residents.
Rent: For those not looking to purchase a home, rental prices in Cleveland are also relatively affordable, contributing to the city's attractive cost of living.
Housing Availability: The market offers a range of options from rental apartments in the city to more suburban homes, providing flexibility depending on personal preferences and lifestyle needs.
Leisure and Recreation: Cleveland boasts a variety of cultural and recreational activities, including museums, parks, and a vibrant local music scene, enhancing the overall quality of life.
Community and Culture: The city has a strong sense of community with diverse neighborhoods, supporting a rich cultural tapestry.
Healthcare Facilities: Cleveland is home to some renowned medical facilities, including the Cleveland Clinic, which is internationally recognized for its high-quality care.
Healthcare Costs: Healthcare is generally accessible and not as exorbitantly priced as in some other parts of the country, though insurance coverage can still significantly impact out-of-pocket expenses.
Public Schools: The quality of K-12 education can vary significantly by district. Some suburbs around Cleveland have strong public schools with higher performance ratings.
Private and Charter Schools: There are also several well-regarded private and charter schools offering alternatives for education.
Educational Initiatives: Continued efforts and investments are ongoing to improve public education outcomes in the region.
Overall, living in Cleveland, OH, on a $54,400 annual salary can provide a comfortable quality of life, with
What is OpenComp? OpenComp provides innovative solutions for compensation management. Organizations use OpenComp to: