Cleveland s population is 2.1M, with a total workforce of 1.1M. The labor market grew by 13,200 jobs over the past year, up by 1.2%. The median household income in Cleveland is $56,896, 1.2% higher than last year and 9.9% below the national average of $63,179.
In the housing market, total permits issued totaled 2,997 over the last twelve months, up 2.8% year-over-year. Cleveland has 103 active new home projects on the market, unchanged from the 103 from last year. The average list price in the market is $346,293, 10.5% higher than last year and 0.5% below the national average. Over the last three months, new home contracts increased by 7.0% to 365. North Ridgeville and Avon had the highest concentration of the new home contracts in the Cleveland market.