Cost of Living in Lake Lakengren, OH

Population 3,404 · Ohio · Data vintage 2023

91
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Buyers in Lake Lakengren can reasonably expect a home to cost less than three years of household income — $181,000 against $89,295 in typical earnings — a ratio that has collapsed to 5:1 or worse in much of the country. An unemployment rate of 0.9% points to a labor market well on the tight side of the national distribution.

Lake Lakengren is about 25 miles west of Dayton, the nearest large metro — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 94% higher than Dayton's $93,000.

Cost Overview

Housing 59
Rent 139

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

About the Cost of Living in Lake Lakengren

The median home value in Lake Lakengren is $181,000 — 41% below the national median of $305,000. Median rent runs $1,833/month, 39% higher than the national median of $1,314/month. The median household income of $89,295/year is 20% higher than the US median of $74,580. The local unemployment rate is 0.9%, below 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 65.1°F and lows of 42.5°F. Overall, Lake Lakengren has a cost of living index of 91 versus the US average of 100, meaning it is 9% less expensive.

🏠 Housing

Median Home Value
$181,000
41% below avg
Median Rent
$1,833/mo
39% above avg
Price-to-Rent Ratio
8.2x
Favors buying
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 92.4%
Renter-occupied 7.6%

💰 Estimated Monthly Budget

Rent median rent
$1,833
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,447/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
33.1 min
23% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
5.2%

Commute Mode

Drove alone
91.9%
Carpooled
2.6%
Work from home
5.2%

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
$89,295
20% above avg
Per Capita Income
$43,786
Unemployment Rate
0.9%
82% below avg
Poverty Rate
4.0%
Labor Force Participation
68.9%

🎓 Education

Bachelor's degree+ 13.3%
Graduate degree 12.1%

👥 Demographics

Median Age 46.3
Male median age 44.9
Female median age 47.7

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
65.1°F
Avg Low
42.5°F
Annual Precip
41.4"
20° 38° 55° 73° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 404454677583878680685544
Low °F 222332425261646254423226
Precip" 2.912.413.494.634.594.063.672.953.043.173.163.34

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 46 — Good
59.5%
Good air days/yr
204
Max AQI recorded
221
PM2.5 days
137
Ozone days

Frequently Asked Questions

What is the cost of living in Lake Lakengren, OH?

Lake Lakengren has a cost index of 91 (100 = national average). It is 9% below the national average.

What is average rent in Lake Lakengren, OH?

The median gross rent in Lake Lakengren is $1,833 per month based on 2023 Census data.

What is the average home price in Lake Lakengren?

The median home value in Lake Lakengren is $181,000 according to 2023 Census ACS data.

What is the median income in Lake Lakengren?

The median household income in Lake Lakengren is $89,295 per year (2023 ACS 5-year estimates).

What is the sales tax in Lake Lakengren, OH?

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

Is Lake Lakengren, OH affordable?

Lake Lakengren is near the national average in terms of cost of living, with an index of 91 (100 = US average).

What is the weather like in Lake Lakengren?

Lake Lakengren has average high temperatures of 65.1°F and average lows of 42.5°F. Annual precipitation is 41.4". Data from NOAA 1991–2020 Climate Normals.

Lake Lakengren at a Glance

Population
3,404
Median Income
$89,295
Home Value
$181,000
Median Rent
$1,833/mo
Unemployment
0.9%
Avg High Temp
65.1°F
Sales Tax
7.2%
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