Shaker Heights, OH

Average · 90

Ohio · Population 29,004 · Updated March 2026

$1,149
Median Rent / Month
$97,721
Median Income
$288,000
Median Home Value
$1,460
Owner Costs / Month

Affordability

How far your income goes in Shaker Heights

14.1%
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

$13,788
Annual Rent
$3,420
State Income Tax
$4,406
Property Tax (est.)

Cost of Living Overview

Shaker Heights offers a below-average cost of living, giving residents more purchasing power compared to many US cities. With a cost index of 90 (where 100 equals the national median), Shaker Heights residents can expect to pay median rent of $1,149/month while earning a median household income of $97,721/year.

The median home value in Shaker Heights, OH is $288,000, with typical monthly owner costs around $1,460 including mortgage, insurance, and taxes. The median rent-to-income ratio of 14.1% 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 Shaker Heights.

Frequently Asked Questions

Common questions about living costs in Shaker Heights

What is the cost of living in Shaker Heights, OH?
The cost of living index in Shaker Heights, OH is 90 (US average = 100). Median monthly rent is $1,149, median household income is $97,721/year, and the median home value is $288,000.
Is Shaker Heights, OH affordable?
Yes, Shaker Heights is more affordable than the national average with a cost index of 90. The rent-to-income ratio is 14.1%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Shaker Heights, OH?
The median gross rent in Shaker Heights, OH is $1,149 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $13,788.
What is the median household income in Shaker Heights?
The median household income in Shaker Heights, OH is $97,721 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%.