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2024 BEA RPP All 4 categories Federal source

Cleveland, OH

Cost-of-living indicators for Cleveland, OH, compiled from Bureau of Economic Analysis Regional Price Parities (2024 data year). Categories include All Items, Goods, Services, and Rents.

CBSA: 17410 · Data year: 2024 · Rank: #183 of 387

Cleveland, OH has a cost of living index of 93.9, meaning it's 6.1% less expensive than the national average. Goods cost 6.4% less, services 4.0% less, and rents are 20.6% below average. A $100K national salary has the purchasing power of $106,470 here.

What the Numbers Mean for Cleveland

Cleveland ranks #183 of 387 U.S. metro areas measured by the Bureau of Economic Analysis, placing it in the upper half by cost. With an overall Regional Price Parity of 93.9, Cleveland, OH is 6.1% less expensive than the national baseline of 100. The gap between Cleveland's most and least expensive categories — the priciest line item versus rents at 79.4 — is what drives the household budget experience on the ground, not the single headline number.

Translated into dollars, a nationally-benchmarked $100,000 salary carries the purchasing power of $106,470 inside Cleveland, while a household needs roughly $93,923 here to match a $100K lifestyle elsewhere. Rents carry the biggest swing in the BEA formula and are indexed at 79.4 — 20.6% below the national average — so anyone weighing a move or a remote-work arbitrage should treat the housing line as the single largest variable in the equation.

Looking at the 2008-2024 trajectory, Cleveland's overall index has stayed within 1.4 points, holding steady versus other U.S. metros. For the 2024 data year, goods are indexed at 93.6 and services at 96.0, meaning everyday spending in Cleveland is governed more by the services and rent mix than by retail goods prices. Readers comparing multiple destinations should always pair the RPP headline with local wage data and housing costs before drawing relocation conclusions.

Cleveland Cost Index at a Glance

Cleveland all-items cost index

Regional Price Parity vs national average (100)

50160Nat'l avg10093.9

Cleveland category breakdown

BEA RPP composition by goods, services, rents, overall

Rents79.434Services95.967Goods93.628Overall93.923

Price Index Summary

Overall

93.9

-6.1 below avg

Goods

93.6

-6.4 below avg

Services

96.0

-4.0 below avg

Rents

79.4

-20.6 below avg

Price Index vs National Average (100)

Overall
National avg

Index 93.9 (-6.1 vs national avg)

Goods
National avg

Index 93.6 (-6.4 vs national avg)

Services
National avg

Index 96.0 (-4.0 vs national avg)

Rents
National avg

Index 79.4 (-20.6 vs national avg)

Vertical line on each bar = national average (100)

Cost Breakdown Analysis

Below National Average

Rents -20.6% (79.4)
Goods -6.4% (93.6)
Overall -6.1% (93.9)
Services -4.0% (96.0)

Income Adequacy in Cleveland

Cleveland income adequacy score

$75,000 median income vs RPP 93.9

0/100100/100100/100

Salary Equivalent

A $100,000 salary at the national average cost of living equals:

$93,923

in Cleveland, OH purchasing power

$50,000 nationally
$46,962
$75,000 nationally
$70,442
$125,000 nationally
$117,404
$150,000 nationally
$140,885
$200,000 nationally
$187,846

Use the salary calculator for custom amounts.

RPP History (2008-2024)

The cost of living has remained relatively stable, changing by only 1.4 points over this period.

Year Overall
2008 92.6
2009 96.1
2010 94.2
2011 94.8
2012 95.0
2013 96.3
2014 96.0
2015 95.4
2016 95.4
2017 95.3
2018 94.6
2019 94.3
2020 93.3
2021 93.8
2022 93.0
2023 92.9
2024 93.9

Metros with Similar Cost of Living

These metros have an overall RPP closest to Cleveland, OH's index of 93.9.

Related Data for Cleveland

Frequently Asked Questions

What is the cost of living in Cleveland, OH?
Cleveland, OH has a Regional Price Parity (RPP) index of 93.9, meaning it is 6.1% less expensive than the national average. Goods are indexed at 93.6, services at 96.0, and rents at 79.4. It ranks #183 out of 387 U.S. metro areas by overall cost.
What salary do I need in Cleveland, OH to match $100K nationally?
To maintain the same purchasing power as a $100,000 salary at the national average, you would need approximately $93,923 in Cleveland, OH. Conversely, $100K earned in Cleveland, OH has the purchasing power of $106,470 at the national average.
How expensive is rent in Cleveland, OH?
Rents in Cleveland, OH are indexed at 79.4, which is 20.6% below the national average. This makes the area relatively affordable for renters.
Is Cleveland, OH getting more expensive?
From 2008 to 2024, Cleveland, OH's overall cost index changed by +1.4 points (from 92.6 to 93.9). The cost of living has remained relatively stable.
What metros have a similar cost of living to Cleveland, OH?
Metros with the most similar overall cost index include Tallahassee, Hinesville, Odessa. These areas have RPP values within a few points of Cleveland, OH's 93.9.

Source: Bureau of Economic Analysis, Regional Price Parities by Metropolitan Statistical Area (2024). Index where national average = 100.

Related

Data sourced from official U.S. government datasets. See our methodology for details. Retrieved and formatted by PlainCost Editorial

Disclaimer: This information is provided for informational purposes only and does not constitute professional advice. Data is sourced from the Bureau of Economic Analysis (BEA). Consult a qualified professional before making decisions based on this data.

All federal data sources used on this page