Housing costs in Cincinnati?
A typical home costs
$183,000, which is 45.9% less expensive than the national average of
$338,100 and 7.1% less expensive than the average Ohio home, at
$197,000. Renting a two-bedroom unit in Cincinnati costs
$940 per month, which is 4.1% cheaper than the national average of
$980 and 16.0% cheaper than the state average of
$1,090.
Can I afford Cincinnati?
To live comfortably in Cincinnati (zip 45223), Ohio, a minimum annual income of
$34,920 for a family, and
$28,800 for a single person is recommended.
What does A.I. say about Cincinnati?
The cost of living in 45223 Cincinnati, OH is generally on the high side compared to other cities in the United States. The median home value is around $193,000, and the median household income is slightly lower than the national average at $51,676. Rent prices range from an average of $971 for a one bedroom apartment to around $1,246 for a two-bedroom apartment. While groceries and other goods may be slightly more expensive than average due to Ohio’s sales tax of 5.75%, overall costs are still generally affordable. Residents can also take advantage of various local discounts and deals when shopping or dining out as well as several free activities throughout Cincinnati including visiting parks, museums, and taking part in community events.