Willoughby, OH

Below Avg · 75

Ohio · Population 23,934 · Updated March 2026

$1,147
Median Rent / Month
$70,884
Median Income
$206,200
Median Home Value
$1,134
Owner Costs / Month

Affordability

How far your income goes in Willoughby

19.4%
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

$13,764
Annual Rent
$2,481
State Income Tax
$3,155
Property Tax (est.)

Cost of Living Overview

Willoughby 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), Willoughby residents can expect to pay median rent of $1,147/month while earning a median household income of $70,884/year.

The median home value in Willoughby, OH is $206,200, with typical monthly owner costs around $1,134 including mortgage, insurance, and taxes. The median rent-to-income ratio of 19.4% 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 Willoughby.

Frequently Asked Questions

Common questions about living costs in Willoughby

What is the cost of living in Willoughby, OH?
The cost of living index in Willoughby, OH is 75 (US average = 100). Median monthly rent is $1,147, median household income is $70,884/year, and the median home value is $206,200.
Is Willoughby, OH affordable?
Yes, Willoughby is more affordable than the national average with a cost index of 75. The rent-to-income ratio is 19.4%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Willoughby, OH?
The median gross rent in Willoughby, OH is $1,147 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $13,764.
What is the median household income in Willoughby?
The median household income in Willoughby, OH is $70,884 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%.