Housing costs in Cincinnati?
A typical home costs
$216,600, which is 35.9% less expensive than the national average of
$338,100 and 9.9% more expensive than the average Ohio home, at
$197,000. Renting a two-bedroom unit in Cincinnati costs
$870 per month, which is 11.2% cheaper than the national average of
$980 and 25.3% cheaper than the state average of
$1,090.
Can I afford Cincinnati?
To live comfortably in Cincinnati (zip 45229), Ohio, a minimum annual income of
$41,400 for a family, and
$26,400 for a single person is recommended.
What does A.I. say about Cincinnati?
The cost of living in 45229 Cincinnati, OH is relatively high compared to the national average, but still lower than many other areas in the United States. According to Sperling's Best Places, the cost of living index for the area is 113.3, which is 13.3% higher than the U.S. average. Housing costs are particularly high, with an index of 143.2, which is 43.2% higher than the U.S. average. Grocery prices in 45229 Cincinnati, OH are slightly below average at 98.4; however, transportation and utilities costs remain above average at 113 and 111 respectively. Overall, residents of 45229 Cincinnati can expect a slightly higher cost of living but may benefit from cheaper grocery costs when compared to other locations nationwide.