Willowick, OH

Very Low · 65

Ohio · Population 14,182 · Updated March 2026

$1,021
Median Rent / Month
$74,138
Median Income
$156,100
Median Home Value
$1,051
Owner Costs / Month

Affordability

How far your income goes in Willowick

16.5%
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

$12,252
Annual Rent
$2,595
State Income Tax
$2,388
Property Tax (est.)

Cost of Living Overview

Willowick is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 65 (where 100 equals the national median), Willowick residents can expect to pay median rent of $1,021/month while earning a median household income of $74,138/year.

The median home value in Willowick, OH is $156,100, with typical monthly owner costs around $1,051 including mortgage, insurance, and taxes. The median rent-to-income ratio of 16.5% 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 Willowick.

Frequently Asked Questions

Common questions about living costs in Willowick

What is the cost of living in Willowick, OH?
The cost of living index in Willowick, OH is 65 (US average = 100). Median monthly rent is $1,021, median household income is $74,138/year, and the median home value is $156,100.
Is Willowick, OH affordable?
Yes, Willowick is more affordable than the national average with a cost index of 65. The rent-to-income ratio is 16.5%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Willowick, OH?
The median gross rent in Willowick, OH is $1,021 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $12,252.
What is the median household income in Willowick?
The median household income in Willowick, OH is $74,138 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%.