Cost of Living in Loudonville, OH

Population 3,249 · Ohio · Data vintage 2023

51
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Loudonville is a smaller Ohio community of around 3000 residents, where median household incomes of $54,508 and housing costs ($151,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape.

Geographically, Loudonville is about 50 miles southwest of Akron, the nearest large metro. Median home values run roughly 36% higher than Akron's $111,000.

Cost Overview

Housing 50
Rent 52

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

About the Cost of Living in Loudonville

The median home value in Loudonville is $151,400 — 50% below the national median of $305,000. Median rent runs $683/month, 48% lower than the national median of $1,314/month. The median household income of $54,508/year is 27% lower than the US median of $74,580. The local unemployment rate is 5.5%, 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 59.4°F and lows of 41.0°F. Overall, Loudonville has a cost of living index of 51 versus the US average of 100, meaning it is 49% less expensive.

🏠 Housing

Median Home Value
$151,400
50% below avg
Zillow Home Value
$112,197
Zillow ZHVI
Median Rent
$683/mo
48% below avg
Price-to-Rent Ratio
18.5x
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 68.6%
Renter-occupied 31.4%

💰 Estimated Monthly Budget

Rent median rent
$683
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,297/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
24.8 min
8% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
2.5%

Commute Mode

Drove alone
78.0%
Carpooled
9.0%
Walked
5.8%
Work from home
2.5%

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
$54,508
27% below avg
Per Capita Income
$30,931
Unemployment Rate
5.5%
13% above avg
Poverty Rate
14.0%
Labor Force Participation
57.8%

🎓 Education

Bachelor's degree+ 11.6%
Graduate degree 7.3%

👥 Demographics

Median Age 38.9
Male median age 33.8
Female median age 47

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
59.4°F
Avg Low
41.0°F
Annual Precip
41.3"
10° 30° 50° 70° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 353747607078818074625039
Low °F 202129385059616053433325
Precip" 2.922.423.103.753.924.724.773.223.343.162.883.11

🏫 Schools

NCES CCD 2019 — public school district data

92%
4-Year Graduation Rate
13.3:1
Student-teacher ratio
3
Public schools
1,022
Total enrollment

Frequently Asked Questions

What is the cost of living in Loudonville, OH?

Loudonville has a cost index of 51 (100 = national average). It is 49% below the national average.

What is average rent in Loudonville, OH?

The median gross rent in Loudonville is $683 per month based on 2023 Census data.

What is the average home price in Loudonville?

The median home value in Loudonville is $151,400 according to Zillow and Census data.

What is the median income in Loudonville?

The median household income in Loudonville is $54,508 per year (2023 ACS 5-year estimates).

What is the sales tax in Loudonville, OH?

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

Is Loudonville, OH affordable?

Yes, Loudonville is generally considered affordable, with a cost of living index of 51 — about 49% below the US national average of 100.

What is the weather like in Loudonville?

Loudonville has average high temperatures of 59.4°F and average lows of 41.0°F. Annual precipitation is 41.3". Data from NOAA 1991–2020 Climate Normals.

Loudonville at a Glance

Population
3,249
Median Income
$54,508
Home Value
$151,400
Median Rent
$683/mo
Unemployment
5.5%
Avg High Temp
59.4°F
Sales Tax
7.2%
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