Cleveland s population is 2.0M, with a total workforce of 1.1M. The labor market lost 9,000 jobs over the past year, down by 0.8%. The median household income in Cleveland is $56,959, 1.3% higher than last year and 9.8% below the national average of $63,179.
In the housing market, total permits issued totaled 3,073 over the last twelve months, up 5.9% year-over-year. Cleveland has 101 active new home projects on the market, 1.0% fewer than the 102 from last year. The average list price in the market is $369,315, 17.1% higher than last year and 14.9% above the national average. Over the last three months, new home contracts decreased by 29.2% to 303. North Ridgeville and Cleveland had the highest concentration of the new home contracts in the Cleveland market.