Housing costs in Vermilion?
A typical home costs
$205,400, which is 39.2% less expensive than the national average of
$338,100 and 4.3% more expensive than the average Ohio home, at
$197,000. Renting a two-bedroom unit in Vermilion costs
$1,150 per month, which is 19.6% cheaper than the national average of
$1,430 and 14.8% more than the state average of
$980.
Can I afford Vermilion?
To live comfortably in Vermilion, Ohio, a minimum annual income of
$39,240 for a family, and
$36,800 for a single person is recommended.
What does A.I. say about Vermilion?
The cost of living in Vermilion, OH is relatively low compared to other cities in the Midwest. The median home cost is around $200,000, and the average rent for a one-bedroom apartment is approximately $750. The grocery index is significantly lower than the national average, with basic items such as milk, bread, and eggs costing much less than what you would find in most cities. Additionally, there are no sales taxes in Vermilion. This makes purchasing goods much cheaper than many other locations. Overall, living in Vermilion can be quite affordable for those looking to settle down in a friendly community without breaking the bank.