Housing costs in Portage Lakes?
A typical home costs
$166,200, which is 50.8% less expensive than the national average of
$338,100 and 15.6% less expensive than the average Ohio home, at
$197,000. Renting a two-bedroom unit in Portage Lakes costs
$1,040 per month, which is 27.3% cheaper than the national average of
$1,430 and 5.8% more than the state average of
$980.
Can I afford Portage Lakes?
To live comfortably in Portage Lakes, Ohio, a minimum annual income of
$31,680 for a family, and
$32,800 for a single person is recommended.
What does A.I. say about Portage Lakes?
The cost of living in Portage Lakes, OH is relatively low compared to the national average. According to Best Places, the median household income in Portage Lakes is $56,378 and the median home value is $207,400. The cost of housing is moderately below the national average with a median listing price for homes averaging around $210,000. Consumer prices in Portage Lakes are slightly above the national average due to its proximity to Akron and Cleveland. Utility costs are also slightly higher than the national average but are still affordable for most families. Overall, living in Portage Lakes can provide a high quality of life at an affordable rate.