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Cost of Living in North Olmsted, OH

Population 31,924 · Census ACS 2020–2024 5-year estimates

Median rent$1,141
Median home value$219,800
Median household income$84,363

The median rent in North Olmsted, OH is $1,141/month, 10% higher than the Ohio median and 19% lower than the U.S. median. The median home value is $219,800, 34% lower than the national median. Households earn a median of $84,363 a year, 18% higher than the state median.

Affordability

Rent as a share of median income: 16.2%
Income needed for median rent (30% rule): $45,640/yr
Home price-to-income ratio: 2.6×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $1,111/mo

Run your own numbers: mortgage calculator · hourly to salary

North Olmsted vs. Ohio vs. U.S.

North OlmstedOhioU.S.
Median rent$1,141$1,034$1,413
Median home value$219,800$214,800$332,700
Median household income$84,363$71,389$80,734
Homeownership rate78.9%67.2%65.2%
Bachelor's degree or higher32.3%31.5%35.7%
Poverty rate8.3%13.3%12.5%
Unemployment rate3.0%4.8%5.2%
Work from home18.2%13.0%15.1%
Median age44.539.738.9

FAQ

What is the average rent in North Olmsted, OH?

The median gross rent in North Olmsted, OH is $1,141 per month (ACS 2020–2024 5-year estimate).

How much do I need to earn to live in North Olmsted, OH?

Using the common 30% rule, renting a median-priced home takes about $45,640 a year in gross income.

Is North Olmsted, OH expensive to live in?

Rent there is 19% lower than the U.S. median, and the median home costs about 2.6 times the median household income.

Other cities in Ohio

Columbus, OHRent $1,295 · Income $66,082Cleveland, OHRent $945 · Income $40,801Cincinnati, OHRent $1,001 · Income $52,909Toledo, OHRent $901 · Income $49,724Akron, OHRent $955 · Income $48,076Dayton, OHRent $918 · Income $45,247

Cities with a similar cost of living

Derby, KSRent $1,136 · Income $84,112Portage, MIRent $1,133 · Income $83,212Northfield, MNRent $1,103 · Income $84,895Harker Heights, TXRent $1,146 · Income $81,190Maryville, TNRent $1,157 · Income $81,963North Augusta, SCRent $1,169 · Income $86,092

Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

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