Westlake, OH

Average · 105

Ohio · Population 34,036 · Updated March 2026

$1,480
Median Rent / Month
$110,101
Median Income
$336,100
Median Home Value
$1,446
Owner Costs / Month

Affordability

How far your income goes in Westlake

16.1%
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

$17,760
Annual Rent
$3,854
State Income Tax
$5,142
Property Tax (est.)

Cost of Living Overview

Westlake is more expensive than the national average. Higher housing costs are typically the primary driver. With a cost index of 105 (where 100 equals the national median), Westlake residents can expect to pay median rent of $1,480/month while earning a median household income of $110,101/year.

The median home value in Westlake, OH is $336,100, with typical monthly owner costs around $1,446 including mortgage, insurance, and taxes. The median rent-to-income ratio of 16.1% 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 Westlake.

Frequently Asked Questions

Common questions about living costs in Westlake

What is the cost of living in Westlake, OH?
The cost of living index in Westlake, OH is 105 (US average = 100). Median monthly rent is $1,480, median household income is $110,101/year, and the median home value is $336,100.
Is Westlake, OH affordable?
No, Westlake is more expensive than the national average with a cost index of 105. The rent-to-income ratio is 16.1%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Westlake, OH?
The median gross rent in Westlake, OH is $1,480 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $17,760.
What is the median household income in Westlake?
The median household income in Westlake, OH is $110,101 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%.