Medina, OH

Very Low · 74

Ohio · Population 26,040 · Updated March 2026

$1,025
Median Rent / Month
$76,099
Median Income
$231,700
Median Home Value
$1,117
Owner Costs / Month

Affordability

How far your income goes in Medina

16.2%
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

$12,300
Annual Rent
$2,663
State Income Tax
$3,545
Property Tax (est.)

Cost of Living Overview

Medina is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 74 (where 100 equals the national median), Medina residents can expect to pay median rent of $1,025/month while earning a median household income of $76,099/year.

The median home value in Medina, OH is $231,700, with typical monthly owner costs around $1,117 including mortgage, insurance, and taxes. The median rent-to-income ratio of 16.2% 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 Medina.

Frequently Asked Questions

Common questions about living costs in Medina

What is the cost of living in Medina, OH?
The cost of living index in Medina, OH is 74 (US average = 100). Median monthly rent is $1,025, median household income is $76,099/year, and the median home value is $231,700.
Is Medina, OH affordable?
Yes, Medina is more affordable than the national average with a cost index of 74. The rent-to-income ratio is 16.2%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Medina, OH?
The median gross rent in Medina, OH is $1,025 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $12,300.
What is the median household income in Medina?
The median household income in Medina, OH is $76,099 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%.