Housing costs in Arcanum?
A typical home costs
$159,600, which is 52.8% less expensive than the national average of
$338,100 and 19.0% less expensive than the average Ohio home, at
$197,000. Renting a two-bedroom unit in Arcanum costs
$800 per month, which is 44.1% cheaper than the national average of
$1,430 and 22.5% cheaper than the state average of
$980.
Can I afford Arcanum?
To live comfortably in Arcanum, Ohio, a minimum annual income of
$30,600 for a family, and
$27,600 for a single person is recommended.
What does A.I. say about Arcanum?
The cost of living in Arcanum, OH is quite reasonable compared to other cities in the area. The median home value is around $86,000, which is considerably lower than the US average of $184,700. Renting a two-bedroom apartment averages about $750 per month, and groceries and other necessities are relatively affordable. Taxes are also low, with an effective rate of 3.5%. Overall, Arcanum presents a great opportunity for those looking for a place to settle down without breaking the bank.