Ohio is a great place to live for families and young professionals because it has a relaxed culture and low cost of living. This means that expenses are reasonable and home prices are affordable. If you’re thinking about moving to Ohio, here is a list of the most affordable places to live in the state in 2024.
Cheapest Places to Live in Ohio
Youngstown
- Median Home Price: $55,800
- Average Rent (one bedroom): $640
- Cost of Living Compared to State Average: 20.5% lower than the Ohio State average
You can find the most affordable housing in Ohio in Youngstown. The housing costs there are extremely low. Youngstown is one of the bigger cities on this list, with a population of 60,068. Youngstown is the main city in the Youngstown-Warren metro area. The metro area has a population of 430,591 people.
The median home price in this area is about 75% less than the average price in the rest of the state. Additionally, the average rent here is 55% lower than the statewide average. If you’re looking for a combination of amenities and affordability, Youngstown is the ideal place.
Niles
- Median Home Price: $116,500
- Average Rent (one bedroom): $720
- Cost of Living Compared to State Average: 15.7% lower than the Ohio State average
Niles is a very affordable place to live in Ohio. The median home price is $116,500 and the average rent is only $720. Niles is a peaceful town near Youngstown that has many parks, nature preserves, and is conveniently located near other cities. The median home price in this area is 59% lower compared to the rest of Ohio. Additionally, the average rent here is 43% lower than the average rent in Ohio.
Also Read: Exploring 7 cheapest and most expensive housing markets in California
Ashtabula
- Median Home Price: $136,500
- Average Rent (one bedroom): $750
- Cost of Living Compared to State Average: 11.5% lower than the Ohio State average
Ashtabula is the third least expensive place to live in Ohio. This is because the median home price is only $136,500 and the average rent is $750. That means it is the least expensive city in Ohio to rent or buy a home. Ashtabula is a city that is situated right next to Lake Eerie. It is also where you can find a satellite campus of Kent State University. The median home price in this area is 66% less than the average price in the rest of the state. Additionally, the average rent here is about 54% lower.
Sandusky
- Median Home Price: $128,000
- Average Rent (one bedroom): $820
- Cost of Living Compared to State Average: 11.4% lower than the Ohio State average
Sandusky is one of the least expensive cities to live in Ohio. Sandusky is a small town located on Lake Eerie. It is known for being one of the best coastal towns in the country because it is affordable to live there and has many attractions. It is the location of Cedar Point Amusement Park, Kalahari Resorts and Conventions, and the Pipe Creek Wilderness Area. However, it is quite inexpensive considering all the benefits it provides. The median home price is 62% lower than the state’s median, and the average rent price is 50% lower.
Canton
- Median Home Price: $151,000
- Average Rent (one bedroom): $850
- Cost of Living Compared to State Average: 9.3% lower than the Ohio State average
Canton is a city in Ohio that is known for being affordable. The median home price is $151,000 and the average rent is only $850. Canton is the eighth-largest city in Ohio, with a population of 70,872. It is the main city in the Canton-Massillon metro area, which has a total population of around 401,574 people.
Kettering
- Median Home Price: $220,800
- Average Rent (one bedroom): $930
- Cost of Living Compared to State Average: 3.6% lower than the Ohio State average
Kettering is one of the least expensive cities in Ohio. Kettering is a city near Dayton. It has a population of 57,850 people and the average household income is $66,500. The local real estate market is affordable. The average rent is $930 and the median sales price for homes is $220,800.
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