Euclid, OH

Very Low · 58

Ohio · Population 48,991 · Updated March 2026

$984
Median Rent / Month
$48,696
Median Income
$114,700
Median Home Value
$982
Owner Costs / Month

Affordability

How far your income goes in Euclid

24.2%
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

$11,808
Annual Rent
$1,704
State Income Tax
$1,755
Property Tax (est.)

Cost of Living Overview

Euclid is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 58 (where 100 equals the national median), Euclid residents can expect to pay median rent of $984/month while earning a median household income of $48,696/year.

The median home value in Euclid, OH is $114,700, with typical monthly owner costs around $982 including mortgage, insurance, and taxes. The median rent-to-income ratio of 24.2% 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 Euclid.

Frequently Asked Questions

Common questions about living costs in Euclid

What is the cost of living in Euclid, OH?
The cost of living index in Euclid, OH is 58 (US average = 100). Median monthly rent is $984, median household income is $48,696/year, and the median home value is $114,700.
Is Euclid, OH affordable?
Yes, Euclid is more affordable than the national average with a cost index of 58. The rent-to-income ratio is 24.2%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Euclid, OH?
The median gross rent in Euclid, OH is $984 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $11,808.
What is the median household income in Euclid?
The median household income in Euclid, OH is $48,696 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%.