Wadsworth, OH

Below Avg · 75

Ohio · Population 24,302 · Updated March 2026

$1,024
Median Rent / Month
$77,581
Median Income
$235,600
Median Home Value
$1,118
Owner Costs / Month

Affordability

How far your income goes in Wadsworth

15.8%
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

$12,288
Annual Rent
$2,715
State Income Tax
$3,605
Property Tax (est.)

Cost of Living Overview

Wadsworth is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 75 (where 100 equals the national median), Wadsworth residents can expect to pay median rent of $1,024/month while earning a median household income of $77,581/year.

The median home value in Wadsworth, OH is $235,600, with typical monthly owner costs around $1,118 including mortgage, insurance, and taxes. The median rent-to-income ratio of 15.8% 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 Wadsworth.

Frequently Asked Questions

Common questions about living costs in Wadsworth

What is the cost of living in Wadsworth, OH?
The cost of living index in Wadsworth, OH is 75 (US average = 100). Median monthly rent is $1,024, median household income is $77,581/year, and the median home value is $235,600.
Is Wadsworth, OH affordable?
Yes, Wadsworth is more affordable than the national average with a cost index of 75. The rent-to-income ratio is 15.8%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Wadsworth, OH?
The median gross rent in Wadsworth, OH is $1,024 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $12,288.
What is the median household income in Wadsworth?
The median household income in Wadsworth, OH is $77,581 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%.