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EconPulse

Local economy signal dashboard

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PLACEStable

Cleveland, OH

Stable overall. Federal Funds is the clearest support signal, while jobs needs the most attention. Housing reads as affordable for a median-income household.

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Overall score43out of 100
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75
0
23
61
97

Population

366,097

Data freshness

Unknown

GDP / Output

+5.1% YoY

75

$135.9B

Output changed +5.1% in 2024.

Vintage date unknown

State growth4.4%
U.S. growth5.3%

Jobs

Unemployment rate

0

10.8%

Unemployment is 10.8% for Latest available.

Vintage date unknown

State avg4.8%
U.S. avg5.2%

Population

-4.5% 5-year

23

366,097

Population moved -4.5% over the latest ACS window.

Vintage date unknown

State population11,810,293
U.S. population334,922,499

Housing

Rent share of income

61

27.8%

Median rent consumes 27.8% of median household income: Affordable.

Vintage date unknown

State rent$1.0K
U.S. rent$1.4K
HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

Federal Funds

$7.8K per resident

97

$9.9B

$9.9B in federal obligations flowed here in FY2025.

Vintage date unknown

State total$129.1B
U.S. total$5.3T

Population and output

Trend Snapshot

Reported share

Industry Breakdown

FY2025

Federal Money

Federal obligations

$9.9B

$7.8K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$6.3B
2. Department of Health and Human Services$1.5B
3. Department of Veterans Affairs$525.5M

Top recipients

Dollars
1. CUYAHOGA METROPOLITAN HOUSING AUTHORITY$260.8M
2. CASE WESTERN RESERVE UNIVERSITY$204.2M
3. OHIO DEPARTMENT OF TRANSPORTATION$156.5M

Affordable

Housing Affordability

27.8%

of median income

1BR estimate$775
2BR estimate$1,021
Median income$40,801
Median home value$102,000

ACS context

Quick Facts

Population

366,097

Median age

36.3

Bachelor's degree+

22.4%

Poverty rate

30.6%

Labor force participation

60.5%

Prime rate

6.8%

CPI YoY

+3.2%

U.S. GDP YoY

+6.5%

Sources and warnings

Data Provenance

Census ACS 5-year

2024

BLS LAUS / CPS

Latest available

BEA regional CAGDP1

2024

USAspending

FY2025

FRED

2026-07-30

HUD Fair Market Rent

Latest available

Data notes
  • HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

5-year compound growth

Historical Trends

Population CAGR

-0.9%

GDP CAGR

+5.9%

Federal flow

5 years

Population (5 years)
2020383,331
2021374,861
2022370,365
2023367,523
2024366,097
GDP (5 years)
2020$102.2B
2021$111.0B
2022$122.2B
2023$129.3B
2024$135.9B

2-year linear forecast

Predictive Outlook

Population forecast

2024366,097
2025359,894 *
2026355,713 *

R² = 90.5% · * projected

GDP forecast

2024$135.9B
2025$145.9B *
2026$154.5B *

R² = 99.0% · * projected

Linear regression over available historical data. Projections are estimates based on past trends and do not account for policy changes, economic shocks, or other external factors.

housing affordability breakdown

Cost of Living

Median household income$40,801/yr
Median rent$945/mo
Rent share of income27.8%
Est. mortgage (30yr, 6.5%)$6,189/yr
Mortgage share of income15.2%

Rent data from Census ACS 5-year. Mortgage estimate assumes 20% down, 6.5% APR, 30-year fixed.

employment snapshot

Job Market

Unemployment rate10.8%
State avg4.8%
U.S. avg5.2%
Labor force participation60.5%
Poverty rate30.6%

Data from BLS LAUS / CPS. Latest available.

valuation snapshot

Real Estate

Median home value$102,000
Median monthly rent$945
Price-to-rent ratio9.0x

Low price-to-rent ratio — buying may be more favorable than renting in this market.

composite score

Investment Climate

Investment climateModerate
Composite score38/100
Economic growth75/100
Labor market0/100
Population momentum23/100
Overall stability43/100

Composite score weighs economic growth, labor market health, population momentum, and overall stability. Not financial advice.

Location Context

Cleveland city, Ohio

City/Town

Part of

Cleveland, OH

Nearby locations

Newburgh Heights, OHCuyahoga Heights, OHBrooklyn Heights, OHBrooklyn, OHLinndale, OH