Cost of Living in Cleveland, OH
Housing
The housing market plays a significant role in determining the cost of living in Cleveland, OH.
- Housing Index: 95.0 / 100
- Median Home Price is: $181000
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1360 per month
In considering a move to Cleveland, OH, the housing market appears quite accessible with a housing index of 95.0. The median home price of 181000 indicates affordability compared to national standards, particularly in areas facing higher costs. Additionally, the average rent for a 2-bedroom apartment at 1200 and for a house at 1360 could represent budget-friendly options for renters. Overall, this environment presents a balance of affordable living while still providing opportunities for home ownership, attracting both families and young professionals alike.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Cleveland, OH.
- Electricity Price: $15.92 USD (median by state)
- Natural Gas Price: Data is updating (median by state)
- Other Utilities (water, garbage, etc.): $200 per month
Living in Cleveland, OH could entail higher utility costs. Electricity costs sit at $15.92, while natural gas is priced at data unavailable per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $200 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Cleveland is a financially viable option for your relocation.