Cost of Living in Ohio

Things cost about ▼ 7% less in Ohio than the national average.

What Things Cost in Ohio

Compared to the US national average

Housing ▼ 4%
Goods ▼ 6%
Services ▼ 27%
See raw index numbers

US national average = 100. Source: BEA Regional Price Parities 2023.

Overall92.8
Housing (Rents)95.8
Goods93.7
Services73

Ohio offers three distinct metros, each with a cost of living well below the national average. Columbus is the growth story: the state capital has added population and jobs (tech, healthcare, logistics) while housing remains remarkably affordable. Cincinnati has Old World charm, a nationally recognized food scene, and neighborhoods along the river that are attracting young professionals. Cleveland has world-class healthcare (Cleveland Clinic), an underrated cultural scene, and some of the cheapest housing in any major US metro. Statewide, costs run about 9% below average with housing roughly 26% below.

Ohio at a Glance

Median Household Income$61,938
Median Monthly Rent$950
Median Home Price$193,000
State Income TaxUp to 3.5%
Combined Sales Tax5.75%
Effective Property Tax1.53%

Taxes in Ohio

Ohio's state income tax tops out at Up to 3.5%. The combined sales tax averages 5.75%. Property taxes run about 1.53% of home value, which on a $193,000 median home means roughly $2,953/year.

Cities in Ohio

Ranked from least to most expensive. Index 100 = national average.

Toledo (74.6) 25% below avg
Cleveland (80.2) 20% below avg
Dayton (81) 19% below avg
Cincinnati (86.1) 14% below avg
Columbus (93.7) 6% below avg
Compare Cities

Note: Data based on state-level averages. Full disclaimer.

FAQ About Ohio

Columbus is one of the most underrated metros in America. It has a young, growing population, a cost of living about 10% below the national average, median home prices around $193,000, and a job market boosted by Ohio State University, healthcare systems, and incoming investment from Intel and other tech manufacturers. The Short North and German Village neighborhoods offer walkable urban living at prices that would be unthinkable in Austin or Denver.

Yes, and this is unusual. Many Ohio municipalities levy their own income tax, typically 1% to 2.5% on earned income. Columbus charges about 2.5%, Cleveland 2.5%, Cincinnati 1.8%. This means your total income tax depends on both the state rate and your city. The state's low top rate of 3.5% is partially offset by these local levies. Some smaller communities have no local tax.

Very. Cleveland has some of the lowest housing costs of any major metro in America, with median home prices around $109,600 in the city and $200,000 to $300,000 in desirable suburbs like Lakewood, Rocky River, and Shaker Heights. The Cleveland Clinic and University Hospitals provide world-class healthcare. The cost-to-amenity ratio is exceptional, though the job market is smaller than Columbus and the weather is gray for much of the year.