Quality of Life Assessment in Cleveland, OH for a High Earner

Cost of Living

• Overall Affordability: Cleveland, OH is known for having a cost of living that is below the national average, making it a financially advantageous city for residents, especially for those earning a substantial income like $328,320 per year.
• Living Expenses:
  • Groceries, utilities, and transportation are relatively cheaper compared to many other U.S. cities.
  • Residents often find that their dollar stretches further, allowing for a more comfortable lifestyle.

Housing Market

• Home Prices:

  • Median home prices in Cleveland are significantly lower than the national average. As of 2023, the median home price is around $180,000, providing a great opportunity for homeownership and real estate investment.
  • A high income offers the flexibility to purchase a larger home or properties in more sought-after neighborhoods with room to spare for additional amenities.

• Rental Market:

  • Renting is also affordable, with average rents well below those found in coastal metropolitan areas, supporting varied housing choices for different lifestyle preferences.

Quality of Life

• Cultural and Recreational Activities:

  • Cleveland boasts a rich cultural scene with many museums, theaters, and the renowned Cleveland Orchestra.
  • The city has numerous parks, nearby natural attractions, and sports teams, offering diverse recreational options.

• Dining and Shopping:

  • The city has a vibrant dining scene with numerous high-quality restaurants, particularly known for its diverse food culture and local craft beer.

Access to Healthcare

• Healthcare Facilities:
  • Cleveland is home to the world-renowned Cleveland Clinic, one of the top-rated hospitals in the country, providing residents access to exceptional medical care.
  • The city offers a wide range of healthcare services with a significant number of medical professionals per capita.

Quality of K-12 Schools

• Public Education:

  • The quality of public schools can vary greatly by neighborhood. Many suburban areas around Cleveland are known for high-performing schools.

• Private and Charter Schools:

  • There are numerous private and charter school options which provide alternatives for those seeking specialized or higher-quality educational experiences for their children.

Quality of Life Summary

Given a substantial income of $328,320 per year, living in Cleveland provides a high standard of living with investment potential due to reasonable housing