Cleveland is a city in Ohio state in USA with a population of 383331 residents.. The poverty rate of Cleveland is 32%, which is 129% higher than national average. The typical household in Cleveland earns $31838 a year, compared to the national median of $67,500. Financial hardship is relatively common in the city as 1 in every 3 residents live below the poverty line, well above the national poverty rate of 14.1%. Additionally, more than 1 in every 6 area households live on an income of less than $10,000 a year. Nationwide, 5.8% of households do. Nearly 67.4% of households earn less than $50,000 a year compared to 39% national rate. With a lack of available jobs, many in Cleveland are struggling financially. Nearly one in every 1 in every 8 workers in Cleveland is unemployed. The high jobless rate has likely contributed to the widespread poverty in the city.

A high school education is a basic prerequisite for most jobs, and in Cleveland, only 82% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Cleveland remained 12.4%, which is 164% higher than national rate. Nearly 3 times comparable to 4.7% national rate, according to the Census. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Cleveland, only 19% of adults have a bachelor's degree and 30% have some college but no degree.

Cost of living in Cleveland is 82, which is 18% lower than national average. Median home value in Cleveland is $73400 , which is 68% lower than national average. While median income in Cleveland remained $31838, which is 53% lower than national average.