Powell, OH

Very High · 163

Ohio · Population 14,229 · Updated March 2026

$2,236
Median Rent / Month
$191,250
Median Income
$493,500
Median Home Value
$2,562
Owner Costs / Month

Affordability

How far your income goes in Powell

14.0%
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

$26,832
Annual Rent
$6,694
State Income Tax
$7,551
Property Tax (est.)

Cost of Living Overview

Powell has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 163 (where 100 equals the national median), Powell residents can expect to pay median rent of $2,236/month while earning a median household income of $191,250/year.

The median home value in Powell, OH is $493,500, with typical monthly owner costs around $2,562 including mortgage, insurance, and taxes. The median rent-to-income ratio of 14.0% 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 Powell.

Frequently Asked Questions

Common questions about living costs in Powell

What is the cost of living in Powell, OH?
The cost of living index in Powell, OH is 163 (US average = 100). Median monthly rent is $2,236, median household income is $191,250/year, and the median home value is $493,500.
Is Powell, OH affordable?
No, Powell is more expensive than the national average with a cost index of 163. The rent-to-income ratio is 14.0%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Powell, OH?
The median gross rent in Powell, OH is $2,236 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $26,832.
What is the median household income in Powell?
The median household income in Powell, OH is $191,250 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%.