There are a lot people moving to the Cleveland area for many different reasons. I will be going over some of them in this Blog. That is great News for Real Estate investors, more homes will be needed. The winning formula in real estate investing is do people want to live their. Also is there business,good schools, things to do and what is cost of living ?
The Best Cities for Boomers to Pre-Retire by nextavenue.org. According to their report Cleveland ranks #2 Cleveland-Elyria-Mentor Cleveland has plenty of doctors per capita as well as an award-winning hospital system, the Cleveland Clinic, which has been ranked by U.S. News & World Report as one of the top five hospitals in the nation.
Here’s a Blog about a Moving to Cleveland
According to a variety of website calculators including Bankrate.com,the cost of living in Cleveland, Ohio is 23.86% less than my former home of Anchorage, Alaska. And it is between 25-59% less than many cities in New York and New Jersey. But I think the barista who recently moved there from NY, who now manages my soon to be local coffee shop, put it best… “You can live like a princess in Cleveland.”
This article talks about all the growth another important ingredient to success in Real Estate
Cleveland began revitalizing its downtown in the mid-1990s. Today, more than $3.5 billion is currently invested in furthering the area’s redevelopment. The Global Center for Health Innovation and a 750,000 square foot convention center will open this summer, totaling $465 million. Roughly $200 million in mixed-use development is under way around the relocation of the Cuyahoga County Administrative Headquarters at Euclid Ave. Recreational projects include a newly finished aquarium, an up-and-coming recreation center and a proposed skate park expected
to break ground this year.
Here’s a story talking about employers and recruiters and what they are saying about living in the Cleveland area.
Ms. Judd also points clients to salary calculators like that at Sperling’s BestPlaces.net, which incorporates data on salaries, home prices, crime, health care expenditures and more to create a cost of living analysis. That site gives Cleveland a cost of-living score of 90 with 100 as the national average as compared to 105 in Atlanta, 116 in Chicago, 159 in New York City and 185 in San Francisco.
Ms. Judd says cost of living is the top factor in making a client choose a job in Cleveland, combined with what she calls the low hassle factor—shorter commutes, less traffic and easy accessibility by air.
“Our relative weakness is nothing more than the unfortunate reputation Cleveland has outside of Northeast Ohio,”