As for who’s moving downtown, DCA says the most significant increases have been among college-educated, higher-income millennials and baby boomers. A recent study by The Center for Population Dynamics at Cleveland State University, found the average salary in downtown Cleveland was $73,561, compared to $48,257 for Cuyahoga County, outside of downtown.
The same study found most downtown residents work in knowledge economy sectors such as law, accounting, engineering, architecture, and research and development. Many are also employed in “eds and meds” – with 6 percent working in education and the largest number—21 percent—working in health care.
“We know that some of our downtown residents work at Cleveland State University and St. Vincent Charity Medical Center, which are located with within the boundaries of the downtown neighborhood, but many also choose to live downtown and work in University Circle,” said Marinucci. "World-class eds and meds institutions like the Cleveland Clinic, University Hospitals, and Case Western Reserve University are all just a short bus ride away on the Health Line, which makes for a very easy commute for our residents."