Housing costs in Independence?
A typical home costs
$294,600, which is 12.9% less expensive than the national average of
$338,100 and 49.5% more expensive than the average Ohio home, at
$197,000. Renting a two-bedroom unit in Independence costs
$1,410 per month, which is 1.4% cheaper than the national average of
$1,430 and 30.5% more than the state average of
$980.
Can I afford Independence?
To live comfortably in Independence, Ohio, a minimum annual income of
$56,520 for a family, and
$46,400 for a single person is recommended.
What does A.I. say about Independence?
Independence, OH is an affordable place to live, with a median home cost of $179,000 and a cost of living index that is 11% lower than the national average. This makes it an attractive option for those looking to stretch their budget. Additionally, residents enjoy low taxes as the city does not have an income tax. Other costs are also competitively priced, such as groceries and healthcare, making Independence a great place to call home for people of all financial backgrounds.