Housing costs in Rio Grande?
A typical home costs
$121,200, which is 64.2% less expensive than the national average of
$338,100 and 38.5% less expensive than the average Ohio home, at
$197,000. Renting a two-bedroom unit in Rio Grande 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 Rio Grande?
To live comfortably in Rio Grande, Ohio, a minimum annual income of
$23,400 for a family, and
$27,600 for a single person is recommended.
What does A.I. say about Rio Grande?
Living in Rio Grande, OH is quite affordable. According to the United States Census Bureau, the median household income in Rio Grande is $40,195- well below the national average of $60,293. The cost of living index is lower than the national average as well; it sits at 81.6 compared to 96.7 nationally. This means that basic expenses such as groceries, housing, utilities and transportation are all relatively inexpensive in Rio Grande. In addition to this, property taxes are very low compared to other midwestern cities: a median home value in the area only costs around $126,100 with a tax rate of 1.51%. This makes it an ideal city for those looking for an affordable place to live and work.