- Economic Development
City of Beachwood Demographics
A dynamic business core, a vibrant retail and commercial area and top-ranked schools have helped to create a strong, sustainable Beachwood economy that attracts businesses and families. Beachwood offers a convenient location, well-educated workforce and many family-oriented community amenities for growing and expanding business. Beachwood is one of Ohio’s finest suburban settings, that takes great pride in being a blue-chip business center, a thriving commercial and shopping area, a center for world-class medical care and a national leader in technology.
While Beachwood's population is more than 14,000 residents, every day the city attracts 100,000 people to work, shop and visit. More than 15% of the population is foreign born, five times the average rate in Ohio.
Area / Location
Encompassing 5.2 square miles, Beachwood is strategically located off of I-271, just 11 miles east of downtown Cleveland, with easy access to three interstate highways and 30 minutes from Cleveland Hopkins International Airport , 10 minutes from Cuyahoga County Airport and 40 minutes from Akron Canton Airport.
Beachwood is home to nearly 3,000 companies and more than 25,000 employees. The community's diverse business core includes Fortune 500 companies, international companies and entrepreneurs.
Prospective employees have access to a growing, educated labor force near the city. With five universities within a 30-mile radius, businesses can find a competitive local workforce and labor pool. More than 52% of Beachwood's population has a college degree or higher and 65% are employed in executive, managerial or professional occupations.
Education & Training
Beachwood takes great pride in its outstanding school system. Visit Beachwood City Schools for more information on our impressive school system and its latest developments.
Beachwood's metropolitan area also has an outstanding system of higher education. Within a half-hour drive are Case Western Reserve University, the University of Akron, Kent State University, John Carroll University, Cleveland State University, Ursuline College, Baldwin Wallace University, and Notre Dame College
Just outside of Beachwood, Cuyahoga Community College has built a state-of-the-art Corporate College which is designed for individuals, as well as businesses, that are seeking to improve skills and boost knowledge to compete in today's business world. Programs include high-end technology courses and a wide spectrum of leadership and professional development programs.
Taxes / Financial Rating
Beachwood's city income tax rate is 2%. The city offers 100% income tax credit for residents who work in another municipality. Beachwood taxes are collected by the Regional Income Tax Authority(R.I.T.A).
Nearly two thirds of Beachwood's general fund revenues, which support municipal services, come from income taxes and property taxes generated by the city's business community. Eaton Corporation, Developers Diversified Realty, and OMNOVA Solutions chose Beachwood for their headquarters. The Cleveland Clinic Regional Hospitals and University Hospitals Ahuja Medical Center give Beachwood a world-class health care presence.
The city of Beachwood and the Beachwood school district both earned Moody's Aaa rating - its highest possible rating. In addition the City of Beachwood earned the highest bond rating, AAA, from New York-based Fitch Ratings.
Infrastructure / Utilities
Beachwood has fully developed utilities available for business and residential consumers, with gas supplied by Dominion, electricity by First Energy, energy usage through NOPEC, cable, phone and internet through Spectrum and AT&T. Cleveland and the Northeast Ohio Regional Sewer District supply water and sewer service.
- County: Cuyahoga
- Area: 5.2 Square Miles
- Location: East of Cleveland off I271
- Incorporated as a Village: 1915
- Attained City Status: 1960
- Residential Population (2020 Census):
- Race (2020 Census):
- Age (2020 Census):
Under 5: 5.3%
Under 18: 18.2%
Between 19 & 64: 45.60%
65 and older: 30.9%
- Median Age: 52.5 years
- Occupation: Executive, managerial, professional - 62%
- Education: Bachelors degree or higher - 62.8%
- Housing Lots: range from 50 foot to 200 foot lots
- Home Prices: Range $250,000 - $1,250,000
Owner occupied - 3,152
Renter occupied - 1,912
- Persons per household: 2.27
- Average Family Size: 2.68
- Income Tax Rate: 2% (reciprocity at 100% up to 2%) Effective January 1, 2011
- Median Income: $88,709.00
- Residential Effective Tax Rate: 65.69 (per $1,000 value)
- Commercial Effective Tax Rate: 72.74 (Per $1,000 value)
- Cuyahoga County Sales Tax Rate: 8%