Cost of Living in Cleveland, Ohio
In Cleveland, the median household income is $40,801 and the median gross rent is $945/mo, with a median home value of $102,000. Source: Census Bureau ACS, 2020-2024 estimates.
- Median household income
- $40,801
- Median gross rent
- $945/mo
- Median home value
- $102,000
- Population
- 366,097
How Cleveland compares to the Ohio average
| Measure | Cleveland, OH | Ohio statewide | Difference |
|---|---|---|---|
| Median household income | $40,801 | $71,389 | -42.8% |
| Median gross rent (monthly) | $945 | $1,034 | -8.6% |
| Median home value | $102,000 | $214,800 | -52.5% |
Statewide, Ohio prices average 92.8 on the BEA Regional Price Parity index (2024), where the U.S. average is 100.
Housing affordability in Cleveland
- Salary needed for median rent
- $37,800
- Rent burden at median income
- 27.8%
- Est. affordable home price
- $148,839
So that $945/mo is 30% of gross income
Share of the median household income spent on median rent (30%+ = cost-burdened)
At median income, 6.67% 30-yr rate (FRED, 2026-08), 20% down, 28% front-end DTI
The median home value in Cleveland is $102,000 — within what the median household income supports under these assumptions.
Estimates from documented formulas — see methodology. Not financial advice.
Cost of living in other Ohio cities
About this data
- American Community Survey 5-Year Estimates — data period 2020-2024, retrieved August 13, 2026.
- Regional Price Parities — data period 2024, retrieved August 13, 2026.
- Federal Reserve Economic Data — data period 2026-08, retrieved August 13, 2026.
Figures are shown exactly as published by the source or derived by the documented formulas on our methodology page. Where a source suppresses an estimate, we show “—” rather than a substitute value.