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Cost of Living in Westlake, OH

Population 34,104 · Census ACS 2020–2024 5-year estimates

Median rent$1,570
Median home value$368,200
Median household income$112,200

The median rent in Westlake, OH is $1,570/month, 52% higher than the Ohio median and 11% higher than the U.S. median. The median home value is $368,200, 11% higher than the national median. Households earn a median of $112,200 a year, 57% higher than the state median.

Affordability

Rent as a share of median income: 16.8%
Income needed for median rent (30% rule): $62,800/yr
Home price-to-income ratio: 3.3×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $1,862/mo

Run your own numbers: mortgage calculator · hourly to salary

Westlake vs. Ohio vs. U.S.

WestlakeOhioU.S.
Median rent$1,570$1,034$1,413
Median home value$368,200$214,800$332,700
Median household income$112,200$71,389$80,734
Homeownership rate73.1%67.2%65.2%
Bachelor's degree or higher60.2%31.5%35.7%
Poverty rate4.9%13.3%12.5%
Unemployment rate3.5%4.8%5.2%
Work from home21.4%13.0%15.1%
Median age46.939.738.9

FAQ

What is the average rent in Westlake, OH?

The median gross rent in Westlake, OH is $1,570 per month (ACS 2020–2024 5-year estimate).

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

Using the common 30% rule, renting a median-priced home takes about $62,800 a year in gross income.

Is Westlake, OH expensive to live in?

Rent there is 11% higher than the U.S. median, and the median home costs about 3.3 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

Middletown, DERent $1,583 · Income $112,831Chaska, MNRent $1,553 · Income $110,956Oak Park, ILRent $1,593 · Income $110,820Helena, ALRent $1,574 · Income $115,139Lockport, ILRent $1,525 · Income $111,981Jenks, OKRent $1,602 · Income $111,004

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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