Quality of Life in Cleveland, OH: Earning $113,760 Annually

Overview

With an annual income of $113,760, residents of Cleveland, OH, find themselves in a favorable position to enjoy a decent quality of life. Below is an assessment of various factors affecting this quality of life compared to the broader United States.

Cost of Living

• Affordability:
  Cleveland's cost of living is generally lower than the national average. This allows residents to stretch their income further than they might in more expensive cities.
• Expenses:
  Utility costs and groceries tend to be affordable, providing additional financial leeway compared to larger metropolitan areas.

Housing Market

• Home Prices:
  The housing market in Cleveland is notably more affordable than the national median. With a median home price appreciably lower than the national average, someone earning $113,760 can afford to invest in a larger or more strategically located property.
• Renting vs. Buying:
  Renting is also reasonably priced, but purchasing property is often a more attractive option due to the potential for property appreciation and investment growth.

Quality of Life

• Community and Culture:
  Cleveland is characterized by a rich culture, with numerous museums, theaters, and cultural events, contributing to a vibrant social life.
• Recreation:
  The city offers various recreational activities, including parks and nearby access to Lake Erie, enhancing life quality.
• Transportation:
  Public transportation is accessible, making commuting feasible without owning a vehicle, although having a car provides greater flexibility.

Access to Healthcare

• Health Services Availability:
  Residents have access to several renowned healthcare facilities, including the Cleveland Clinic, known for its outstanding medical services.
• Healthcare Costs:
  While healthcare costs align closely with national averages, the quality and accessibility of services are excellent.

Quality of K-12 Schools

• Education Options:
  Cleveland offers a diverse array of public and private K-12 education institutions. Some areas boast schools with high performance metrics.
• Investment in Education:
  Parents often find it beneficial to live in neighborhoods with higher-rated schools, which might lead to slightly higher property taxes, but the general affordability allows for this choice.

Summary

Residents of Cleveland earning $113,760 per year can enjoy a well-rounded and comfortable lifestyle with competitive living costs and robust amenities