Housing costs in Drexel?
A typical home costs
$45,600, which is 86.5% less expensive than the national average of
$338,100 and 76.9% less expensive than the average Ohio home, at
$197,000. Renting a two-bedroom unit in Drexel costs
$810 per month, which is 43.4% cheaper than the national average of
$1,430 and 21.0% cheaper than the state average of
$980.
Can I afford Drexel?
To live comfortably in Drexel, Ohio, a minimum annual income of
$8,640 for a family, and
$25,200 for a single person is recommended.
What does A.I. say about Drexel?
The cost of living in Drexel, OH is quite affordable compared to other areas. According to research from BestPlaces, the price level for consumer goods and services in Drexel is 4.98% lower than the U.S. average. This means that a typical family or individual can live comfortably on less money than they would need elsewhere in the country. Housing costs are also quite reasonable, with median home prices at $130,000 and rental rates averaging around $750 per month for a two-bedroom apartment. Utilities tend to be on the lower side as well, with electricity running approximately 8% lower than the national average and natural gas about 10% cheaper than other parts of Ohio. Overall, Drexel offers an excellent quality of life at an affordable cost of living.