Housing costs in Cincinnati?
A typical home costs
$110,900, which is 67.2% less expensive than the national average of
$338,100 and 43.7% less expensive than the average Ohio home, at
$197,000. Renting a two-bedroom unit in Cincinnati costs
$980 per month, which is 0.0% cheaper than the national average of
$980 and 11.2% cheaper than the state average of
$1,090.
Can I afford Cincinnati?
To live comfortably in Cincinnati (zip 45205), Ohio, a minimum annual income of
$21,240 for a family, and
$30,000 for a single person is recommended.
What does A.I. say about Cincinnati?
The cost of living in 45205 Cincinnati, OH is relatively affordable compared to the national average. The median home price in the area is about $162,000, which is lower than the national median of $229,700. Rent prices are also quite reasonable ranging from $650 for a studio apartment up to around $2,200 for a two-bedroom unit. Utilities are also lower than the US average with an average monthly electric bill of just over $80 and an average gas bill of around $30. Overall, 45205 Cincinnati, OH has a very reasonable cost of living that makes it an attractive option for many people looking to relocate or start a new life there.