Housing costs in Cincinnati?
A typical home costs
$234,600, which is 30.6% less expensive than the national average of
$338,100 and 19.1% more expensive than the average Ohio home, at
$197,000. Renting a two-bedroom unit in Cincinnati costs
$1,020 per month, which is 4.1% more than the national average of
$980 and 6.9% cheaper than the state average of
$1,090.
Can I afford Cincinnati?
To live comfortably in Cincinnati (zip 45206), Ohio, a minimum annual income of
$45,000 for a family, and
$31,200 for a single person is recommended.
What does A.I. say about Cincinnati?
The cost of living in 45206 Cincinnati, OH is relatively affordable compared to other major cities. The median home value is $129,100 and the median rent is $858 per month, compared to the national average of $231,200 for homes and $949 for rent. The city’s unemployment rate stands at 3.2%, which is lower than the national average and significantly lower than some other major cities. The cost of groceries in 45206 Cincinnati, OH is also below the national average. All these factors combined make Cincinnati an attractive option for those looking for a more affordable cost of living.