North Olmsted, OH

Very Low · 74

Ohio · Population 32,031 · Updated March 2026

$1,092
Median Rent / Month
$85,435
Median Income
$202,400
Median Home Value
$1,162
Owner Costs / Month

Affordability

How far your income goes in North Olmsted

15.3%
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

$13,104
Annual Rent
$2,990
State Income Tax
$3,097
Property Tax (est.)

Cost of Living Overview

North Olmsted 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), North Olmsted residents can expect to pay median rent of $1,092/month while earning a median household income of $85,435/year.

The median home value in North Olmsted, OH is $202,400, with typical monthly owner costs around $1,162 including mortgage, insurance, and taxes. The median rent-to-income ratio of 15.3% 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 North Olmsted.

Frequently Asked Questions

Common questions about living costs in North Olmsted

What is the cost of living in North Olmsted, OH?
The cost of living index in North Olmsted, OH is 74 (US average = 100). Median monthly rent is $1,092, median household income is $85,435/year, and the median home value is $202,400.
Is North Olmsted, OH affordable?
Yes, North Olmsted is more affordable than the national average with a cost index of 74. The rent-to-income ratio is 15.3%—below the 30%% threshold considered affordable by HUD.
What is the average rent in North Olmsted, OH?
The median gross rent in North Olmsted, OH is $1,092 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $13,104.
What is the median household income in North Olmsted?
The median household income in North Olmsted, OH is $85,435 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%.