Springboro, OH

Average · 103

Ohio · Population 19,577 · Updated March 2026

$1,378
Median Rent / Month
$112,872
Median Income
$330,300
Median Home Value
$1,532
Owner Costs / Month

Affordability

How far your income goes in Springboro

14.7%
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

$16,536
Annual Rent
$3,951
State Income Tax
$5,054
Property Tax (est.)

Cost of Living Overview

Springboro has a cost of living close to the national average, offering a balanced mix of expenses and amenities. With a cost index of 103 (where 100 equals the national median), Springboro residents can expect to pay median rent of $1,378/month while earning a median household income of $112,872/year.

The median home value in Springboro, OH is $330,300, with typical monthly owner costs around $1,532 including mortgage, insurance, and taxes. The median rent-to-income ratio of 14.7% 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 Springboro.

Frequently Asked Questions

Common questions about living costs in Springboro

What is the cost of living in Springboro, OH?
The cost of living index in Springboro, OH is 103 (US average = 100). Median monthly rent is $1,378, median household income is $112,872/year, and the median home value is $330,300.
Is Springboro, OH affordable?
No, Springboro is more expensive than the national average with a cost index of 103. The rent-to-income ratio is 14.7%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Springboro, OH?
The median gross rent in Springboro, OH is $1,378 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $16,536.
What is the median household income in Springboro?
The median household income in Springboro, OH is $112,872 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%.