Cost of Living in Canfield, OH

Population 7,651 · Ohio · Data vintage 2023

68
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Housing costs in Canfield stay well under national norms: a median home value of $225,000 against median household incomes of $97,730 gives the city one of the more comfortable price-to-income ratios in Ohio. Unemployment has stayed elevated relative to the national figure — 6.0% as of the most recent ACS release — which shows up in household-income and poverty figures as well.

Geographically, Canfield is about 40 miles east of Akron, the nearest large metro. Median home values run roughly 102% higher than Akron's $111,000.

Cost Overview

Housing 74
Rent 60

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Canfield

The median home value in Canfield is $225,100 — 26% below the national median of $305,000. Median rent runs $786/month, 40% lower than the national median of $1,314/month. The median household income of $97,730/year is 31% higher than the US median of $74,580. The local unemployment rate is 6.0%, above the national average of 4.8%. Ohio's top state income tax rate is 3.8% and the combined sales tax is 7.2%. The climate averages highs of 59.7°F and lows of 40.1°F, with about 67.8" of annual snowfall. Overall, Canfield has a cost of living index of 68 versus the US average of 100, meaning it is 32% less expensive.

🏠 Housing

Median Home Value
$225,100
26% below avg
Zillow Home Value
$313,188
Zillow ZHVI
Median Rent
$786/mo
40% below avg
Price-to-Rent Ratio
23.9x
Favors renting
Property Tax Rate
1.6%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$686
1 BR
$748
2 BR
$929
3 BR
$1,199
4 BR
$1,374
Owner-occupied 85.3%
Renter-occupied 14.7%

💰 Estimated Monthly Budget

Rent median rent
$786
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,400/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
24.2 min
10% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
14.3%

Commute Mode

Drove alone
79.4%
Carpooled
5.3%
Public transit
0.1%
Work from home
14.3%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax 3.8%
Total Sales Tax 7.2%
State rate 5.8%
Avg local rate 1.4%
Property Tax 1.6%

💼 Income & Employment

Median Household Income
$97,730
31% above avg
Per Capita Income
$46,127
Unemployment Rate
6.0%
26% above avg
Poverty Rate
2.6%
Labor Force Participation
56.7%

🎓 Education

Bachelor's degree+ 27.5%
Graduate degree 19.0%

👥 Demographics

Median Age 50
Male median age 47.6
Female median age 52.5

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
59.7°F
Avg Low
40.1°F
Annual Precip
41.2"
Annual Snowfall
67.8"
10° 30° 50° 70° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 343747607179838174625039
Low °F 192128384856605952423326
Precip" 3.032.523.213.753.723.904.273.483.843.342.963.17
Snow" 19.615.110.52.60.00.00.00.00.00.74.514.8

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 49 — Good
51.2%
Good air days/yr
226
Max AQI recorded
250
PM2.5 days
115
Ozone days

🏫 Schools

NCES CCD 2019 — public school district data

95.6%
4-Year Graduation Rate
17.7:1
Student-teacher ratio
7
Public schools
3,760
Total enrollment

Frequently Asked Questions

What is the cost of living in Canfield, OH?

Canfield has a cost index of 68 (100 = national average). It is 32% below the national average.

What is average rent in Canfield, OH?

The median gross rent in Canfield is $786 per month based on 2023 Census data.

What is the average home price in Canfield?

The median home value in Canfield is $225,100 according to Zillow and Census data.

What is the median income in Canfield?

The median household income in Canfield is $97,730 per year (2023 ACS 5-year estimates).

What is the sales tax in Canfield, OH?

The combined state and local sales tax rate in Canfield is 7.2%. The Ohio state income tax top rate is 3.8%.

Is Canfield, OH affordable?

Yes, Canfield is generally considered affordable, with a cost of living index of 68 — about 32% below the US national average of 100.

What is the weather like in Canfield?

Canfield has average high temperatures of 59.7°F and average lows of 40.1°F. Annual precipitation is 41.2". Average annual snowfall is 67.8". Data from NOAA 1991–2020 Climate Normals.

Canfield at a Glance

Population
7,651
Median Income
$97,730
Home Value
$225,100
Median Rent
$786/mo
Unemployment
6.0%
Avg High Temp
59.7°F
Sales Tax
7.2%
View all cities in Ohio →
🗺️ County data for Ohio

Explore county-level cost of living data

Similar Cost Cities

Cities in other states with comparable housing costs