Cleveland s population is 2.1M, with a total workforce of 1.1M. The labor market grew by 10,800 jobs over the past year, up by 1.0%. The median household income in Cleveland is $53,377, 1.7% higher than last year and 15.5% below the national average of $63,179.
In the housing market, total permits issued totaled 2,887 over the last twelve months, down 0.5% year-over-year. Cleveland has 107 active new home projects on the market, 9.2% more than the 98 from last year. The average list price in the market is $317,227, 6.6% higher than last year and 6.0% above the national average. Over the last three months, new home contracts increased by 6.0% to 370. North Ridgeville and Amherst had the highest concentration of the new home contracts in the Cleveland market.