Quick facts: Wickliffe, OH

Quick Facts

96.4
Cost of Living
below US average
12,610
Population
11.26
Crime Rate per 1000
below US average
$76,938
Median Income
below US average
$215,000
Median House Price
above US average
$1390.83
Average Rent
below US average
5%
Poverty Rate
below US average
4.5%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $76,938.

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Income Needed to Buy

βœ“ Affordable
$67k/year
Based on $215,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($76,938) exceeds requirement
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Income Needed to Rent

βœ“ Affordable
$60k/year
Based on $1390.83/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($76,938) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Wickliffe, OH

Wickliffe is a charming city located in northeastern Ohio, part of Lake County and situated just east of Cleveland. Known for its suburban feel, Wickliffe features a mix of residential areas, parks, and local businesses. The city offers a close-knit community atmosphere, making it an attractive place for families and retirees alike. Wickliffe is served by several parks, including the picturesque Wickliffe City Park, which provides opportunities for outdoor activities and leisurely walks. The city boasts good schools, friendly neighborhoods, and easy access to nearby amenities in Cleveland, including cultural attractions, shopping, and dining options. Its convenient location along major roadways, such as Interstate 90, facilitates easy commutes to the bustling metropolitan area of Cleveland, while still allowing residents to enjoy a quieter suburban lifestyle. Wickliffe is also home to a diverse community, contributing to its vibrant local culture. Overall, Wickliffe combines the tranquility of suburban living with proximity to urban conveniences, making it an appealing destination in Ohio.

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