Cuyahoga County · Ohio · Midwest · 366k residents
Cleveland, OH: economy, jobs & business costs
The site-selection read on Cleveland: labor costs, talent, corporate tax, energy, and business activity, with the Ohio median as the yardstick. Compare it live against any of 3,000 US cities.
Data coverage: Curated city row; coverage varies by fact.
Average weekly wages in the surrounding labor market run $1,486/wk. Ohio's corporate income tax rate is 0%. Commercial electricity averages 10.7¢/kWh.
Compare Cleveland side by side
Avg. weekly wage
$1,486/wk
Corporate income tax
0%
Bachelor's degree or higher
22.4%
Commercial electricity
10.7¢/kWh
Economic momentum
How fast Cleveland's economy is moving, ranked against the US cities we track.
18/100
Cooling
Ranks Cleveland's residential building-permit and jobs growth against the US cities we cover. The label is relative pace, not a direction, so a market can rank low while some figures still rise. A higher score moves faster, it is not cheaper or better. This is economic activity, not commercial lease rates or vacancy. Not investment or relocation advice.
| Median home value | $115,000 |
| Price per sq. ft. | $95 |
| Property tax rate | 2.2% |
| 1-bedroom rent | $1,100/mo |
| 2-bedroom rent | $1,300/mo |
| State & local income tax | 4.41% |
| Sales tax | 8% |
| Corporate income tax | 0% |
| Avg. weekly wage | $1,486/wk |
| Bachelor's degree or higher | 22.4% |
| Commercial electricity | 10.7¢/kWh |
| Businesses per 1k residents | 31.4/1k |
| Wage: Software developer | $111,310 |
| Wage: Registered nurse | $83,940 |
| Wage: General manager | $97,750 |
| Wage: Customer service | $46,040 |
| Wage: Warehouse worker | $36,290 |
| Wage: Heavy truck driver | $58,970 |
| Wage: Electrician | $70,860 |
| Wage: Retail salesperson | $31,000 |
| Cost of living index | 88 |
| Groceries index | 97 |
| Utilities | $170/mo |
| Transit pass | $95/mo |
| Gas price | $3.10/gal |
| Healthcare index | 97 |
| Childcare (per child) | $1,050/mo |
| Median household income | $39,000 |
| Unemployment rate | 5.2% |
| Population | 366k |
| Crime index | 62/100 |
| School rating | 4.5/10 |
| Walkability | 57/100 |
| Disaster risk | 98/100 |
| Avg. commute | 24 min |
| Sunny days / year | 166 days |
| July high | 81°F |
| January low | 24°F |
| Annual snowfall | — |
| Home price YoY | -2.3% |
| Home price MoM | -0.4% |
| Rent YoY | +4.0% |
| Rent MoM | 0.0% |
| Employment (jobs) YoY | -1.8% |
| Building permits YoY | -21.2% |
| Ocean coast | 398 mi |
| Big lake | < 3 mi |
| Mountains | 224 mi |
| Major airport | 11 mi |
| Ski resort | 161 mi |
Popular comparisons
Nearby
- Garfield Heights, OH · 29k
- Lakewood, OH · 50k
- Cleveland Heights, OH · 44k
- Parma, OH · 80k
- Shaker Heights, OH · 29k
Similar size
- Cincinnati, OH · 311k
- Toledo, OH · 267k
- Akron, OH · 189k
- Dayton, OH · 137k
- Canton, OH · 70k
Real listings in Cleveland
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is Cleveland a good place to run a business?
- Ohio's corporate income tax rate is 0%; average weekly wages in the surrounding labor market run $1,486/wk; commercial electricity averages 10.7¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in Cleveland, OH?
- Cleveland indexes at 88 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $1,300/mo and a median home value of $115,000.
- How much does a house cost in Cleveland?
- The median home value in Cleveland is $115,000 (compiled estimate; individual listings vary).
- How much is rent in Cleveland?
- A two-bedroom in Cleveland rents for about $1,300/mo.