Housing costs in Chippewa Lake?
A typical home costs
$178,700, which is 47.1% less expensive than the national average of
$338,100 and 9.3% less expensive than the average Ohio home, at
$197,000. Renting a two-bedroom unit in Chippewa Lake costs
$1,090 per month, which is 23.8% cheaper than the national average of
$1,430 and 10.1% more than the state average of
$980.
Can I afford Chippewa Lake?
To live comfortably in Chippewa Lake, Ohio, a minimum annual income of
$34,200 for a family, and
$36,000 for a single person is recommended.
What does A.I. say about Chippewa Lake?
The cost of living in Chippewa Lake, OH is generally quite affordable. The median household income is slightly below the national average, at just over $50,000 according to US News. This low median income means that housing costs are quite reasonable, especially when compared to larger cities in Ohio. The overall cost of living in Chippewa Lake is also relatively low due to the abundance of local amenities and resources without high-priced items like designer clothes or eating out at expensive restaurants. Groceries, transportation costs and other necessities are some of the least expensive expenses for residents of this small town.