Housing costs in Spencerville?
A typical home costs
$155,500, which is 54.0% less expensive than the national average of
$338,100 and 21.1% less expensive than the average Ohio home, at
$197,000. Renting a two-bedroom unit in Spencerville costs
$910 per month, which is 36.4% cheaper than the national average of
$1,430 and 7.7% cheaper than the state average of
$980.
Can I afford Spencerville?
To live comfortably in Spencerville, Ohio, a minimum annual income of
$29,880 for a family, and
$29,200 for a single person is recommended.
What does A.I. say about Spencerville?
Spencerville, OH has a relatively low cost of living compared to the national average. The median home cost is around $90,000, which is significantly lower than the national median of about $200,000. The median household income in Spencerville is around $42,000 per year, which is about 17% below the national median income of approximately $49,000 annually. The overall cost of goods and services in Spencerville is 12% lower than the US average. Overall expenses are also more affordable than many other cities in Ohio and offer residents good value for their money.