Cleveland s population is 2.1M, with a total workforce of 1.1M. The labor market grew by 7,100 jobs over the past year, up by 0.7%. The median household income in Cleveland is $53,767, 2.4% higher than last year and 12.4% below the national average of $61,372.
In the housing market, total permits issued totaled 2,888 over the last twelve months, down 4.9% year-over-year. Cleveland has 90 active new home projects on the market, unchanged from the 90 from last year. The average list price in the market is $333,101, 22.1% higher than last year and 7.3% above the national average. Over the last three months, new home contracts decreased by 27.7% to 305. Avon and Painesville had the highest concentration of the new home contracts in the Cleveland market.