Housing costs in Willoughby?
A typical home costs
$188,100, which is 44.4% less expensive than the national average of
$338,100 and 4.5% less expensive than the average Ohio home, at
$197,000. Renting a two-bedroom unit in Willoughby costs
$1,180 per month, which is 17.5% cheaper than the national average of
$1,430 and 16.9% more than the state average of
$980.
Can I afford Willoughby?
To live comfortably in Willoughby, Ohio, a minimum annual income of
$36,000 for a family, and
$38,800 for a single person is recommended.
What does A.I. say about Willoughby?
The cost of living in Willoughby, OH is very reasonable. According to BestPlaces, the city has a cost of living index of 86.1, which is significantly lower than the US average. This means that the overall cost of living in Willoughby is 14% cheaper than it is across the United States. Furthermore, the cost of housing in Willoughby is quite low. The median home price in the city is $182,800, while rent prices for a one-bedroom apartment are around $717 per month on average. As such, Willoughby provides an excellent quality of life at an affordable price point.