Bay, OH

Average · 91

Ohio · Population 15,992 · Updated March 2026

$889
Median Rent / Month
$122,083
Median Income
$332,500
Median Home Value
$1,670
Owner Costs / Month

Affordability

How far your income goes in Bay

8.7%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in Ohio

State-level tax rates that affect your costs

3.5%
Income Tax (Top Rate)
5.75%
Sales Tax
1.53%
Property Tax Rate

Estimated Annual Costs

$10,668
Annual Rent
$4,273
State Income Tax
$5,087
Property Tax (est.)

Cost of Living Overview

Bay offers a below-average cost of living, giving residents more purchasing power compared to many US cities. With a cost index of 91 (where 100 equals the national median), Bay residents can expect to pay median rent of $889/month while earning a median household income of $122,083/year.

The median home value in Bay, OH is $332,500, with typical monthly owner costs around $1,670 including mortgage, insurance, and taxes. The median rent-to-income ratio of 8.7% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

Ohio has a moderate income tax rate of 3.5%. Combined with a 5.75% sales tax rate and 1.53% effective property tax rate, the overall tax environment is a factor in the total cost of living in Bay.

Frequently Asked Questions

Common questions about living costs in Bay

What is the cost of living in Bay, OH?
The cost of living index in Bay, OH is 91 (US average = 100). Median monthly rent is $889, median household income is $122,083/year, and the median home value is $332,500.
Is Bay, OH affordable?
Yes, Bay is more affordable than the national average with a cost index of 91. The rent-to-income ratio is 8.7%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Bay, OH?
The median gross rent in Bay, OH is $889 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $10,668.
What is the median household income in Bay?
The median household income in Bay, OH is $122,083 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Ohio?
Ohio has a top income tax rate of 3.5%, a sales tax of 5.75%, and an effective property tax rate of 1.53%.