Housing costs in Melrose?
A typical home costs
$86,200, which is 74.5% less expensive than the national average of
$338,100 and 56.2% less expensive than the average Ohio home, at
$197,000. Renting a two-bedroom unit in Melrose costs
$720 per month, which is 49.7% cheaper than the national average of
$1,430 and 36.1% cheaper than the state average of
$980.
Can I afford Melrose?
To live comfortably in Melrose, Ohio, a minimum annual income of
$16,560 for a family, and
$24,800 for a single person is recommended.
What does A.I. say about Melrose?
Melrose, OH is known for its affordability. The cost of living in Melrose is 10% lower than the national average, making it an attractive option for people looking to stretch their income. The median home price is $90,800, which is well below the state and national averages. Additionally, groceries and utilities are both relatively cheap compared to other parts of the country. This allows residents to get more bang for their buck, providing them with a comfortable lifestyle at a fraction of the cost of living in other areas.