Thinking about moving to Cleveland?
Then maybe you’re already in on the secret: Cleveland isn’t what most of the country thinks it is. This is a Rust Belt city that’s come on top in the 21st century, channeling its grit and verve into growth and renewal.
Cleveland’s under-the-radar rebirth has allowed it to cultivate qualities that rarely exist together in other cities: it’s both a tech hotspot and is affordable. It’s both hipster and family-friendly. It’s urban but small-town friendly. And the best part is, Cleveland’s getting better every day. Cleveland is having its moment, so don’t miss out.
Cleveland is home to 385,809 Clevelanders. With an area of 77.7 square miles, Cleveland has a population density of 4,965 persons per square mile, which makes it more dense than many other cities of comparable size.
The Cleveland-Elyria, OH Metropolitan Statistical Area boasts a population of 2,055,612 people, of which Cleveland proper’s population makes up 19%.
Affordable housing is one of best things Cleveland has going for it. The median home value in Cleveland is $58,000, -71% below the US median value, according to Zillow. The median price per square foot in Cleveland is $48. Over the past 5 years, home values in Cleveland have increased by 2%.
Renters in Cleveland will also have an easy time finding affordable housing. The median rent in Cleveland is $839 per month, which is 41% lower than the US median. Over the past year, rental rates in Cleveland have decreased by 0.4%.
Cleveland’s economy is growing strong. The Cleveland metro area’s GDP grew by 17% between 2010 and 2015, from $109 billion in 2010 to $128 billion in 2015, a total increase of $19 billion. The metro area has a per capita GDP of $62,487. According to the US Census Bureau, the median household income in Cleveland, OH is $49,925, 16% higher than the national median. Cleveland’s unemployment rate is 6.4%.