Table
| Population | |
|---|---|
| Income & Poverty | |
| Median household income (in 2019 dollars), 2015-2019 | $30,907 |
| Per capita income in past 12 months (in 2019 dollars), 2015-2019 | $21,223 |
| Persons in poverty, percent | 32.7% |
Contents
What is a good salary for Cleveland Ohio?
In the Cleveland-Elyria-Mentor metro area, a two-parent, two-child family needs to bring in $60,900 a year “to secure a decent, yet modest standard of living,” according to the Economic Policy Institute’s online family budget calculator released Wednesday.
How much does the average person make in Cleveland Ohio?
– The average income of a Cleveland resident is $17,436 a year. The US average is $28,555 a year. – The Median household income of a Cleveland resident is $26,179 a year.
How much money do you need to live comfortably in Cleveland Ohio?
Ohio’s capital is one of the more affordable big cities to live in, with the income needed to live comfortably falling under $70,000 for homeowners. It does get significantly more difficult if you’re renting, though, as you’ll need to make over $75,000 a year — over $25,000 more than the city’s median income.
What’s the wealthiest county in Ohio?
Delaware
Ohio counties ranked by per capita income
| County | Per capita income | |
|---|---|---|
| 1 | Delaware | $42,069 |
| 2 | Geauga | $32,735 |
| 3 | Warren | $31,935 |
| 4 | Medina | $29,986 |
What is a livable salary in Ohio?
Living Wage Calculation for Ohio
| 1 ADULT | 2 ADULTS (BOTH WORKING) | |
|---|---|---|
| 0 Children | 2 Children | |
| Living Wage | $13.16 | $20.28 |
| Poverty Wage | $6.13 | $6.30 |
| Minimum Wage | $8.70 | $8.70 |
How much do I need to live in Cleveland?
Summary about cost of living in Cleveland, OH, United States: Family of four estimated monthly costs are 3,506$ without rent. A single person estimated monthly costs are 998$ without rent. Cleveland is 26.96% less expensive than New York (without rent).
What is a good yearly salary in Ohio?
While ZipRecruiter is seeing salaries as high as $126,928 and as low as $19,133, the majority of salaries within the Average jobs category currently range between $46,198 (25th percentile) to $69,064 (75th percentile) with top earners (90th percentile) making $83,997 annually in Ohio.
What is middle class income in Ohio?
Range of household incomes needed to be considered middle class, by family size
| State | Single | Family of four |
|---|---|---|
| North Dakota | $23,875 – $71,626 | $47,751 – $143,253 |
| Ohio | $23,301 – $69,904 | $46,603 – $139,808 |
| Oklahoma | $23,223 – $69,669 | $46,446 – $139,339 |
| Oregon | $26,041 – $78,124 | $52,082 – $156,247 |
What is a good hourly wage in Ohio?
Hourly Rate Salary in Ohio
| Annual Salary | Hourly Wage | |
|---|---|---|
| Top Earners | $58,331 | $28 |
| 75th Percentile | $45,265 | $22 |
| Average | $37,279 | $18 |
| 25th Percentile | $27,065 | $13 |
Is $17 an hour a livable wage?
When we ran all of our numbers to figure out how much is $17 per hour is as an annual salary, we used the average working day of 40 hours a week.
$17 Per Hour is…
| $17 per Hour – Full Time | Total Income |
|---|---|
| Weekly (40 Hours) | $680 |
| Bi-Weekly (80 Hours) | $1,360 |
| Daily Wage (8 Hours) | $136 |
| Net Estimated Monthly Income | $2,250 |
Is $18 an hour good pay?
So, if you make $37,440 (or more) a year, you can consider yourself just above average (as far as earnings in America go). The bright side is that a full-time job making $18 an hour would put you well above poverty guidelines ($12,750 a year) for a single individual.
Is $27 an hour good?
If you are working a full-time job, you will be working 40 hours per week on average.$27 per hour multiplied by 2,080 working hours per year is an annual income of $56,160 per year.
What is the wealthiest suburb of Cleveland?
Gates Mills, an eastern suburb of Cleveland, is the wealthiest ZIP code on the list with median household income of $157,132 in 2019, the latest data available from the U.S. Census Bureau.
What is the richest part of Cleveland?
Cleveland’s wealthiest family, the Lerners, live in Hunting Valley, as do many socialites and CEOs. While the West Side has its fair share of businesspeople, it’s also home to many professional athletes, who are drawn to new mini-mansions in Westlake.
Where do the wealthy live in Ohio?
In Ohio, Cleveland is home to more billionaires than any other city. A total of three billionaires live in Cleveland with a combined net worth of $3.3 billion. Of Cleveland residents with a minimum 10-figure net worth, Norma Lerner is the wealthiest, worth an estimated $1.1 billion.
Is $45000 a year low income?
Is $45,000 a year good in comparison to other typical American employees? Recent research suggests so, with the average hourly earnings during May 2021 across all employees coming in at $11.29. This is substantially less than the $21.63 per hour you’d receive on a $45,000 salary.
Is 50k a good salary for a single person?
Is 50k a good salary for a Single Person?A single person will spend much less than if you need to provide for someone else. Your living expenses and ideal budget are much less. Thus, you can live extremely comfortably on $50000 per year.
Is $65000 a good salary?
A salary of $65,000 can be a high income in many parts in the United States but below average in other parts. The cost of living can vary greatly between different areas, because of fluctuations in housing prices and availability, insurance pricing, healthcare costs, food pricing and availability and more.
Is Cleveland an expensive city?
Cleveland, Ohio’s cost of living is 1% higher than the national average. The cost of living in any area can vary based on factors such as your career, its average salary and the real estate market of that area.
Is Cleveland Ohio affordable?
New study shows Cleveland is the 5th most affordable metro area for renters in America. Overall, Ohio is the 4th most affordable state for renters in the nation.
