Housing costs in Mineral Ridge?
A typical home costs
$162,400, which is 52.0% less expensive than the national average of
$338,100 and 17.6% less expensive than the average Ohio home, at
$197,000. Renting a two-bedroom unit in Mineral Ridge costs
$780 per month, which is 45.5% cheaper than the national average of
$1,430 and 25.6% cheaper than the state average of
$980.
Can I afford Mineral Ridge?
To live comfortably in Mineral Ridge, Ohio, a minimum annual income of
$30,960 for a family, and
$24,800 for a single person is recommended.
What does A.I. say about Mineral Ridge?
The cost of living in Mineral Ridge, OH is quite reasonable. The median home cost is approximately $112,400 which is significantly lower than the national median. Property taxes are also moderate, with an average rate of 1.40%. Gas prices and grocery costs are on par with the national mean, making it an economically viable area to live in for those seeking a more affordable quality of life. Furthermore, the local government provides a variety of tax incentives to promote economic growth and development in the area. As a result, Mineral Ridge has become an attractive destination for those looking for a comfortable place to call home.