Retire Like Royalty On Less Than $2,500 A Month In This City

🏡 Discover an affordable retirement destination that offers an exciting and fulfilling way of life… without breaking the bank! 🤑 #ClevelandOH #OhioNews #RetirementNews

CLEVELAND, OH – Cleveland, Ohio, has become a top pick for retirees looking for an affordable and lively city life. A recent study by GoBankingRates.com ranked Cleveland eighth among cities where retirees can live comfortably on less than $2,500 per month.

The study estimated that monthly expenses, including groceries, entertainment, and transportation, would cost around $1,690, with an additional $622 for monthly mortgage costs, bringing the total budget to approximately $2,312.

As the second most populous city in Ohio and the largest on Lake Erie, Cleveland offers retirees a wide range of activities and amenities. The study noted that Cleveland is the largest city on their list, providing retirees with numerous options for entertainment and engagement.

🏡 Affordable Housing: A Significant Perk of Retiring in Cleveland

One of the most notable advantages of retiring in Cleveland is the city’s remarkably affordable housing market.

With a median home price of just $113,300 as of December 2023, compared to the national median of over $380,000, retirees can secure a comfortable home at a much lower cost than in many other cities. This affordability allows for more flexibility in their budget to enjoy the city’s various offerings.

Retired couple looking at bills and paperwork

🌳 Enjoying the Outdoors in an Urban Environment

Despite its urban setting, Cleveland provides ample opportunities for retirees to stay active and engaged with nature. The city’s expansive Metroparks system, spanning 25,000 acres, features a network of trails perfect for hiking, biking, and exploring.

The milder winters and cooler summers, thanks to the city’s proximity to Lake Erie, make Cleveland an appealing destination for outdoor enthusiasts year-round.

🎭 A Thriving Arts and Culture Scene

Retirees in Cleveland have access to a dynamic arts and culture scene that competes with those of larger cities. The renowned Cleveland Museum of Art offers free general admission, while the Rock & Roll Hall of Fame provides complimentary access to Cleveland residents.

The city’s Playhouse Square, the second-largest theater district in the country, ensures a diverse array of engaging performances throughout the year.

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🏈 A Haven for Sports Enthusiasts

Cleveland is an ideal location for retirees who enjoy cheering on their favorite teams. The city is home to three major league sports teams: the Cavaliers (NBA), the Browns (NFL), and the Guardians (MLB). With top-notch venues and dedicated fans, attending a game in Cleveland is a memorable experience.

Cleveland rock and roll hall of fame in downtown

🌇 Discovering the Perfect Neighborhood

Cleveland offers a diverse selection of neighborhoods to suit every retiree’s lifestyle preferences. From the fashionable and pedestrian-friendly areas of Tremont, Ohio City, and Gordon Square to the tranquil and charming communities of Chagrin Falls, Bay Village, and Hudson, there’s a place for everyone.

Retirees can collaborate with a well-informed local real estate agent to explore the city and find their ideal home.

Retired man relaxing on lawn chair in Cleveland, OH

🌅 Starting a New Chapter in Cleveland

Retiring in Cleveland presents an opportunity to begin an exciting new chapter in a city that combines affordability, accessibility, and a wealth of cultural and recreational offerings.

As more retirees discover the appealing qualities of Cleveland, this Midwestern city is set to become an increasingly sought-after destination for those seeking a rewarding and cost-effective retirement.

Read the full study here.

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🗣 Are you thinking of retiring to Cleveland? Do you have any questions about life in the Buckeye State? We’d LOVE to hear from you in the comments section below. ⬇️