Housing costs in Cleveland?
A typical home costs
$281,700, which is 16.7% less expensive than the national average of
$338,100 and 32.7% more expensive than the average Missouri home, at
$212,300. Renting a two-bedroom unit in Cleveland costs
$1,150 per month, which is 19.6% cheaper than the national average of
$1,430 and 17.4% more than the state average of
$950.
Can I afford Cleveland?
To live comfortably in Cleveland, Missouri, a minimum annual income of
$54,000 for a family, and
$39,600 for a single person is recommended.
What does A.I. say about Cleveland?
Cleveland, MO is known for its affordable cost of living. According to the Missouri Economic Research and Information Center, the median home price in the city is just over $111,000, making housing very accessible for most residents. The overall cost of living index for Cleveland is an impressive 86.7% compared to the national average of 100%. This means that goods and services are generally cheaper here than they are in other parts of the country; groceries, utilities, and healthcare costs all tend to be lower. The average income rate in Cleveland is also quite competitive at around $27,000 annually. All in all, Cleveland offers a great combination of affordability and quality of life that makes it an attractive option for those looking for a place to call home.