Housing costs in Terrace Park?
A typical home costs
$606,400, which is 79.4% more expensive than the national average of
$338,100 and 207.8% more expensive than the average Ohio home, at
$197,000. Renting a two-bedroom unit in Terrace Park costs
$1,350 per month, which is 5.6% cheaper than the national average of
$1,430 and 27.4% more than the state average of
$980.
Can I afford Terrace Park?
To live comfortably in Terrace Park, Ohio, a minimum annual income of
$116,280 for a family, and
$41,600 for a single person is recommended.
What does A.I. say about Terrace Park?
Terrace Park, OH has a relatively high cost of living compared to the national average. According to recent estimates, the median household income in Terrace Park is $134,220 per year while the median home value is around $477,100. This means that housing costs make up a larger portion of the cost of living in Terrace Park than many other places. Additionally, transportation costs tend to be higher due to the need for frequent commuting into neighboring cities. Overall, citizens of Terrace Park can expect to pay slightly more than average for essential items such as groceries and utilities.