Housing costs in Cleveland?
A typical home costs
$510,900, which is 51.1% more expensive than the national average of
$338,100 and 133.6% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Cleveland costs
$1,070 per month, which is 25.2% cheaper than the national average of
$1,430 and 2.8% cheaper than the state average of
$1,100.
Can I afford Cleveland?
To live comfortably in Cleveland, Michigan, a minimum annual income of
$97,920 for a family, and
$33,200 for a single person is recommended.
What does A.I. say about Cleveland?
The cost of living in Cleveland, MI is fairly reasonable compared to other cities. According to the housing index, the median home price in Cleveland is around $122,000 which is significantly lower than the national average of over $200,000. Additionally, groceries, healthcare and transportation are all slightly cheaper than the national average. In terms of utilities like electricity and water, prices tend to be about 20% less expensive than most other areas. As a result, Cleveland is an affordable option for those looking to relocate or purchase a home.