Cost of Living in Minerva, OH

Population 3,274 · Ohio · Data vintage 2023

47
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Minerva sits on the smaller end of the Ohio city distribution. That scale shapes the housing market, the labor pool, and the services available to residents in ways the data below makes visible. The labor market has been unusually tight, with unemployment around 2.7% — below most comparable cities in the state.

Minerva is about 35 miles southeast of Akron, the nearest large metro — close enough that regional housing and labor patterns are shaped largely by the larger market. Housing prices track closely with Akron's $111,000 median.

Cost Overview

Housing 37
Rent 61

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

About the Cost of Living in Minerva

The median home value in Minerva is $113,100 — 63% below the national median of $305,000. Median rent runs $803/month, 39% lower than the national median of $1,314/month. The median household income of $52,755/year is 29% lower than the US median of $74,580. The local unemployment rate is 2.7%, 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 61.2°F and lows of 42.1°F, with about 47.2" of annual snowfall. Overall, Minerva has a cost of living index of 47 versus the US average of 100, meaning it is 53% less expensive.

🏠 Housing

Median Home Value
$113,100
63% below avg
Zillow Home Value
$182,661
Zillow ZHVI
Median Rent
$803/mo
39% below avg
Price-to-Rent Ratio
11.7x
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 52.9%
Renter-occupied 47.1%

💰 Estimated Monthly Budget

Rent median rent
$803
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,417/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
20.6 min
24% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
1.2%

Commute Mode

Drove alone
88.9%
Carpooled
5.1%
Walked
3.4%
Bicycle
0.9%
Work from home
1.2%

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
$52,755
29% below avg
Per Capita Income
$33,780
Unemployment Rate
2.7%
44% below avg
Poverty Rate
14.7%
Labor Force Participation
64.1%

🎓 Education

Bachelor's degree+ 5.1%
Graduate degree 4.4%

👥 Demographics

Median Age 41.4
Male median age 41.5
Female median age 41.4

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
61.2°F
Avg Low
42.1°F
Annual Precip
41.6"
Annual Snowfall
47.2"
20° 38° 55° 73° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 363948627280848376635140
Low °F 202229405059636255443426
Precip" 2.922.443.233.864.134.434.143.613.503.343.082.89
Snow" 13.412.07.61.70.00.00.00.00.00.33.38.9

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 52 — Moderate
44.7%
Good air days/yr
283
Max AQI recorded
262
PM2.5 days
103
Ozone days

🏫 Schools

NCES CCD 2019 — public school district data

92%
4-Year Graduation Rate
18.4:1
Student-teacher ratio
3
Public schools
1,857
Total enrollment

Frequently Asked Questions

What is the cost of living in Minerva, OH?

Minerva has a cost index of 47 (100 = national average). It is 53% below the national average.

What is average rent in Minerva, OH?

The median gross rent in Minerva is $803 per month based on 2023 Census data.

What is the average home price in Minerva?

The median home value in Minerva is $113,100 according to Zillow and Census data.

What is the median income in Minerva?

The median household income in Minerva is $52,755 per year (2023 ACS 5-year estimates).

What is the sales tax in Minerva, OH?

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

Is Minerva, OH affordable?

Yes, Minerva is generally considered affordable, with a cost of living index of 47 — about 53% below the US national average of 100.

What is the weather like in Minerva?

Minerva has average high temperatures of 61.2°F and average lows of 42.1°F. Annual precipitation is 41.6". Average annual snowfall is 47.2". Data from NOAA 1991–2020 Climate Normals.

Minerva at a Glance

Population
3,274
Median Income
$52,755
Home Value
$113,100
Median Rent
$803/mo
Unemployment
2.7%
Avg High Temp
61.2°F
Sales Tax
7.2%
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