If you’re considering a move to Cleveland, Ohio, you’re likely wondering about the cost of living in the area. Cleveland is an affordable city to call home, but like anywhere, there are costs to consider. From housing to groceries and healthcare, below we’ll explore all the aspects of living costs in Cleveland.

Why Cleveland is a Great Place to Live (with a Cost Breakdown)

Before we dive into the details of the cost of living, let’s talk about why Cleveland is such a great place to live. Cleveland is a city that has a rich history, great food, music, and plenty of cultural attractions. But perhaps the most impressive thing about living in Cleveland is how affordable it is.

According to Numbeo, the cost of living in Cleveland is 28.24% lower than the cost of living in New York City. It’s a stark contrast to the high cost of living in other metropolitan areas in the United States.

When looking at the cost of living compared to other nearby midwestern cities, such as Indianapolis or Detroit, Cleveland is similarly priced, if not slightly cheaper.

Another reason why Cleveland is a great place to live is its proximity to Lake Erie. The lake provides a beautiful backdrop for outdoor activities such as fishing, boating, and hiking. The Cleveland Metroparks system offers over 23,000 acres of parkland, with over 300 miles of trails for hiking and biking.

Cleveland is also home to world-class healthcare facilities, including the Cleveland Clinic and University Hospitals. These hospitals attract top medical professionals from around the world, making Cleveland a hub for medical innovation and research.

The Pros and Cons of Living in Cleveland

In addition to its affordability, Cleveland also offers plenty of pros and cons to consider when deciding if it’s the right place to live for you. One significant advantage is the access to Lake Erie, which affords Clevelanders ample opportunities for recreation and water sports. The city also boasts a thriving healthcare industry, due in part to its world-renowned Cleveland Clinic.

One downside of living in Cleveland is the harsh winters. Dealing with below-freezing temperatures, snow, and ice can be a challenge for some, but it’s also a unique experience that many find exciting. Additionally, the city’s population has been declining for several years. If you’re looking for a bustling city with a lot of people, Cleveland may not be the spot for you.

Another advantage of living in Cleveland is its rich cultural scene. The city is home to several museums, including the Cleveland Museum of Art and the Rock and Roll Hall of Fame. There are also numerous theaters and music venues, offering a diverse range of performances and events throughout the year.

On the other hand, one of the cons of living in Cleveland is the traffic. While it may not be as bad as some larger cities, rush hour can still be a headache for commuters. Additionally, the city has struggled with high crime rates in certain neighborhoods, which can be a concern for those looking to settle down in a safe area.

What is the Average Cost of Rent in Cleveland?

The cost of rent in Cleveland is significantly lower than in most major US cities. The average cost of rent for a one-bedroom apartment in the city center is $1,025, and outside of the city center, it’s $800. A two-bedroom apartment in the city center has an average rental cost of $1,400, while outside of the city center that goes down to $1,000.

If you’re looking for affordable housing, Cleveland offers plenty of options. You’ll have a better chance of finding a more spacious apartment or home for less than you would in other areas of the country.

Additionally, Cleveland has a variety of neighborhoods to choose from, each with its own unique character and charm. From the trendy and bustling Ohio City to the historic and picturesque Tremont, there’s something for everyone. Many of these neighborhoods also offer a range of amenities, such as parks, restaurants, and shops, making them great places to live for both families and young professionals.

How Much Does It Cost to Buy a House in Cleveland?

If you’re looking to buy a home in Cleveland, the cost of purchasing a house will depend on the location, size, and age of the house. According to Zillow, the median home value in Cleveland is $73,884. Additionally, the average cost per square foot for homes in Cleveland is $67. Furthermore, it’s possible to find a three-bedroom, one-bathroom home in Cleveland’s suburbs for around $50,000.

Overall, Cleveland is an affordable place to buy a house, especially compared to other US cities.

However, it’s important to note that the cost of owning a home in Cleveland goes beyond just the purchase price. Homeowners in Cleveland also need to consider property taxes, homeowners insurance, and maintenance costs. Property taxes in Cleveland are relatively high, with an average rate of 2.5%. Homeowners insurance rates can also vary depending on the location and age of the home. Additionally, older homes may require more maintenance and repairs, which can add up over time. It’s important to factor in these additional costs when considering the affordability of buying a home in Cleveland.

Understanding Cleveland’s Property Tax System

In Cuyahoga County, where Cleveland is located, the property taxes are relatively high compared to other areas of Ohio. The average property tax rate in Cuyahoga County is around 2.28%. Cleveland residents can expect to pay around $2,391 per year for property taxes on a home valued at the median of $73,884.

It’s essential to keep property taxes in mind when budgeting for a home in Cleveland. Still, overall, the low cost of homes in the area keeps the overall costs of homeownership relatively low.

However, it’s important to note that property taxes in Cleveland are used to fund essential services such as schools, police and fire departments, and infrastructure projects. These taxes also help to maintain and improve the city’s parks and recreational facilities, making Cleveland an attractive place to live for families and individuals alike.

Additionally, Cleveland offers several property tax relief programs for eligible residents, including the Homestead Exemption and the Senior and Disabled Tax Relief Program. These programs can help to reduce the burden of property taxes for those who qualify.

The True Cost of Utilities in Cleveland

When it comes to utility costs in Cleveland, you can expect to pay right around the national average. The cost of electricity, water, heating, and cooling costs for a typical household in Cleveland comes up to $200-250 per month. It’s worth noting that the harsh winters in Cleveland will increase heating expenses, so budgeting this amount up during winter is important.

Transportation Costs in Cleveland: Is It Expensive to Own a Car?

If you’re thinking of owning a car in Cleveland, you’ll be happy to know that it’s an affordable city in terms of transportation costs. According to Numbeo, the average cost of gas in Cleveland is $2.40 per gallon. Furthermore, the cost of a monthly bus pass for public transportation, including trains and buses, is only $95.

Additionally, the city’s layout and density of neighborhoods make it relatively easy to get around without a car. Of course, it’s always useful to have a car, but in Cleveland, you could save money by walking, biking, or using public transportation combined with ride-sharing services.

Also read: Cost of living in Cupertino

What is the Average Grocery Bill for a Family of Four in Cleveland?

A family of four will spend, on average, around $950 per month on groceries in Cleveland. It’s important to remember that food costs will largely depend on where you shop and the type of food you tend to buy. There are plenty of grocery stores, including local farmers’ markets, and there are innumerable options of supermarkets to choose from, which means you will likely be able to find a store to suit your budget.

Health Care Costs in Cleveland: Are They Affordable?

Cleveland is known for its healthcare industry, with the Cleveland Clinic being world-renowned. But how much does healthcare cost in the area for the average person? The answer is, it varies based on each person’s health care needs and insurance coverage. Medical care costs in Cleveland are around 20% lower than the national average, which is great news for someone seeking affordable medical treatment.

Childcare Expenses in Cleveland: What You Need to Know

Childcare costs vary depending on the type of care you’re looking for in Cleveland. For example, daycare costs for one child range from $175 to $250 per week, depending on the age of the child and the facilities’ quality. The cost of a nanny for one child can range between $500 and $700 per week, depending on the caregiver’s experience.

Overall, Cleveland has a robust childcare industry, with many options available to both low and high-income families. Cleveland also provides several assistance programs to help families offset the cost of childcare, making daycare more affordable even for low-income families.

Entertainment and Dining Costs: Can You Afford It in Cleveland?

Cleveland is known for its rich cultural scene and delicious cuisine. The city is home to numerous parks, museums, and attractions that you can enjoy for free. The dining options are affordable and range from diners and fast-food chains to high-end restaurants, but expect to pay around $13-$15 for a mid-range meal.

The average cost of living in Cleveland makes it affordable to enjoy many of the activities that the city has to offer, but as always, it depends on how much you are willing to spend.

How Does Cleveland’s Cost of Living Compare to Other Cities?

Cleveland’s cost of living is significantly lower than the national average. According to Numbeo’s Cost of Living Index, Cleveland is cheaper than cities like Chicago, Dallas, Denver, and Los Angeles. In all of these cities, the cost of living is 10-40% higher than Cleveland’s, making Cleveland an affordable choice in comparison.

Tips on Saving Money While Living in Cleveland

Living in Cleveland has many affordable options and still allows you to enjoy everything the city has to offer. One way to save money is to focus on using public transportation to get around and opting for biking or walking for short distances.

You can also cut back on dining out expenses by cooking at home or taking advantage of the many local farmers’ markets. Additionally, if you want to save on housing, you may need to consider areas further away from the city center.

Making Ends Meet: Finding Affordable Housing and Resources in Cleveland

In conclusion, Cleveland is an excellent choice for anyone looking for an affordable midwestern city with a lot to offer. Whether you’re planning to rent an apartment or buy a home, there are plenty of affordable options available. Additionally, there are resources available to help ensure that the financial aspect of living in Cleveland is accessible to everyone, from childcare to utility assistance programs.

By budgeting carefully and taking advantage of Cleveland’s affordable health care, dining, and entertainment options, you can enjoy this city without breaking the bank.