Housing costs in Cleveland-Elyria?
A typical home costs
$202,600, which is 40.1% less expensive than the national average of
$338,100 and 2.8% more expensive than the average Ohio home, at
$197,000. Renting a two-bedroom unit in Cleveland-Elyria costs
$1,000 per month, which is 30.1% cheaper than the national average of
$1,430 and 2.0% more than the state average of
$980.
Can I afford Cleveland-Elyria?
To live comfortably in Cleveland-Elyria O Metro Area, Ohio, a minimum annual income of
$38,880 for a family, and
$32,800 for a single person is recommended.
What does A.I. say about Cleveland-Elyria?
The cost of living in Cleveland-Elyria, OH Metro Area is considerably lower than the U.S. average, at 84.4 compared to the U.S. average of 100. This means that it may be more affordable to live in this region, as many day-to-day expenses such as groceries and utilities may be priced lower than other areas of the country. The median house value for this area is also lower than the country’s average, at $202,600 compared to the national average of $338,100. This indicates that housing prices are more reasonably priced here than in other parts of the country which could attract many potential buyers who desire a more affordable living arrangement.