Mentor, OH

Below Avg · 79

Ohio · Population 47,215 · Updated March 2026

$1,192
Median Rent / Month
$89,202
Median Income
$229,500
Median Home Value
$1,105
Owner Costs / Month

Affordability

How far your income goes in Mentor

16.0%
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

$14,304
Annual Rent
$3,122
State Income Tax
$3,511
Property Tax (est.)

Cost of Living Overview

Mentor is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 79 (where 100 equals the national median), Mentor residents can expect to pay median rent of $1,192/month while earning a median household income of $89,202/year.

The median home value in Mentor, OH is $229,500, with typical monthly owner costs around $1,105 including mortgage, insurance, and taxes. The median rent-to-income ratio of 16.0% 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 Mentor.

Frequently Asked Questions

Common questions about living costs in Mentor

What is the cost of living in Mentor, OH?
The cost of living index in Mentor, OH is 79 (US average = 100). Median monthly rent is $1,192, median household income is $89,202/year, and the median home value is $229,500.
Is Mentor, OH affordable?
Yes, Mentor is more affordable than the national average with a cost index of 79. The rent-to-income ratio is 16.0%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Mentor, OH?
The median gross rent in Mentor, OH is $1,192 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $14,304.
What is the median household income in Mentor?
The median household income in Mentor, OH is $89,202 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%.