Is Ohio a good place to retire? For many, the answer is a resounding yes—especially in Cleveland, a vibrant metropolitan city situated on the shores of Lake Erie. With its low cost of living, high quality of life, and access to world-class health care, Cleveland is becoming an increasingly popular choice for retirees looking to settle in the Midwest.
If you’re considering making Cleveland your retirement destination, read on to discover why this city is an excellent place to purchase a home in a 55+ community. We’ll explore local recreation and entertainment options as well as highlight some of our top picks for active adult communities.
Is Ohio a Good Place to Retire?
Ohio lies on the edge of the American Heartlands. The state features a moderate climate, diverse landscapes, and a variety of rural and urban living environments. Also, Ohio is among the most affordable states in the U.S. The overall cost of living is considerably lower than the national average, and the low cost of housing is one of the biggest factors. The state is also home to three major metro areas, many natural recreation areas, and top-quality health care options.Â
While other Midwestern states like Iowa and Missouri may be more affordable, they don’t really have any major cultural hubs. States such as Illinois and Michigan may have bigger metropolitan cities, but the cost of housing is higher. In comparison, a balanced mix of appealing features sets Ohio apart from the crowd as a great place to retire.
Top Retirement Communities in Cleveland
The Cleveland area has over a dozen 55+ communities. This variety ensures that 55+ homebuyers can find the right community to fit their budget and lifestyle preferences. Each community also offers on-site amenities, providing access to opportunities for recreation, leisure, and socializing right outside your home.
Below is a list of noteworthy 55+ communities in the Cleveland area for active adult homebuyers. You can also explore more communities in Ohio or contact 55places.com to connect with a local real estate expert.
Recommended 55+ Communities in the Cleveland Area
- Ridgefield – North Ridgeville, OH
- Meadowood – Strongsville, OH
- Pioneer Ridge – North Ridgeville, OH
- Avenbury Lakes – Avon, OH
- Morningside at Martin’s Run – Lorain, OH
Things to Do in Cleveland After Retirement
Cleveland is perhaps most famously known as The Rock and Roll Capital of the World—a nickname earned from being one of the first cities to have a popular rock music scene in the 1950s. This led to the city becoming the site of The Rock & Roll Hall of Fame. Music lovers of all genres will appreciate living in the city, with dozens of music venues from intimate clubs to major amphitheaters. This also makes Cleveland a great place for retirees who are gigging musicians or performing artists.
There are also plenty of other popular cultural attractions including botanical gardens, art museums, history museums, a zoo, an orchestra hall, performing arts theaters, and so much more.
Cleveland’s other nickname, The Forest City, is an homage to the numerous parks and greenspaces throughout the city and surrounding area. These provide access to hiking, camping, wildlife viewing, and other outdoor recreation. Additionally, the northern border of Cleveland is 30 miles of shoreline along Lake Erie, perfect for active adults who enjoy aquatic adventures such as boating, fishing, and beachgoing.
Health Care in Cleveland
Maintaining health and wellness is a top priority for retirees, and Cleveland has a reputation as a major health care hub. Cleveland Clinic has consistently ranked as one of the top hospital systems in the entire world, and it’s nationally ranked in numerous specialties, according to U.S. News & World Report. The second-best hospital system in Cleveland, University Hospitals, is also nationally ranked and high-performing in multiple specialties and procedures. In addition, the city is home to one of the largest VA hospitals in the U.S., providing easy access to health care for former military members.Â
Even with all of these illustrious medical facilities, health care costs in Cleveland are quite a bit lower than the national average, meaning residents benefit from some of the best health care services available without major expense.
Cost of Living in Cleveland
According to BestPlaces, the overall cost of living in Cleveland is about 17% lower than the national average, and close to the state average for Ohio. The biggest factor in the cost of living is the low cost of homes and housing, which is a substantial 75% lower than the national average, with a median home cost of $97.3k.
Health care costs are the next lowest metric, with transportation in third, while groceries and utilities are the highest but still short of the national averages. Cleveland has the lowest cost of living of major cities in Ohio with a score of 83, compared to Columbus (91) and Cincinnati (88).
Ohio is fairly tax-friendly for retirees because Social Security benefits are exempt from income tax. Other forms of retirement income are taxed at the normal rate, but there are additional credits available depending on the resident’s age and income bracket.
Final Thoughts
If you’re contemplating retirement in the Midwest, Cleveland stands out as an excellent choice. With its vibrant communities, diverse housing options, and plenty of local amenities, it’s no surprise that many retirees are choosing this city.
So, is Ohio a good place to retire? Absolutely—especially with Cleveland offering a perfect blend of convenience and quality of life. Ready to explore Cleveland for your retirement? Contact us today to discover more about housing options, 55+ communities, and all that this great city has to offer!
