Cost of Living in Montrose-Ghent, OH

Population 5,946 · Ohio · Data vintage 2023

185
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Under 25,000 residents gives Montrose-Ghent a small-town character that shows up in every data point below — from the commute patterns to the rental inventory. A typical home runs $518,000. The labor market has been unusually tight, with unemployment around 2.2% — below most comparable cities in the state.

Located 8 miles northwest of Akron, Montrose-Ghent falls within that metro's commuting orbit. Median home values run roughly 366% higher than Akron's $111,000.

Cost Overview

Housing 170
Rent 207

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

About the Cost of Living in Montrose-Ghent

The median home value in Montrose-Ghent is $517,900 — 70% above the national median of $305,000. Median rent runs $2,721/month, 107% higher than the national median of $1,314/month. The median household income of $175,781/year is 136% higher than the US median of $74,580. The local unemployment rate is 2.2%, 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 62.1°F and lows of 42.5°F. Overall, Montrose-Ghent has a cost of living index of 185 versus the US average of 100, meaning it is 85% more expensive.

🏠 Housing

Median Home Value
$517,900
70% above avg
Zillow Home Value
$94,398
Zillow ZHVI
Median Rent
$2,721/mo
107% above avg
Price-to-Rent Ratio
15.9x
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 92.3%
Renter-occupied 7.7%

💰 Estimated Monthly Budget

Rent median rent
$2,721
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $3,335/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
34.5 min
28% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
30.1%

Commute Mode

Drove alone
66.7%
Carpooled
2.8%
Work from home
30.1%

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
$175,781
136% above avg
Per Capita Income
$109,776
Unemployment Rate
2.2%
54% below avg
Poverty Rate
5.1%
Labor Force Participation
67.9%

🎓 Education

Bachelor's degree+ 48.9%
Graduate degree 29.9%

👥 Demographics

Median Age 46.6
Male median age 45.3
Female median age 47.3

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
62.1°F
Avg Low
42.5°F
Annual Precip
32.5"
20° 38° 55° 73° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 374049627381858477655241
Low °F 212230405160646255443527
Precip" 1.831.452.482.833.563.673.653.003.182.532.322.01

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 46 — Good
60.1%
Good air days/yr
230
Max AQI recorded
198
PM2.5 days
150
Ozone days

Frequently Asked Questions

What is the cost of living in Montrose-Ghent, OH?

Montrose-Ghent has a cost index of 185 (100 = national average). It is 85% above the national average.

What is average rent in Montrose-Ghent, OH?

The median gross rent in Montrose-Ghent is $2,721 per month based on 2023 Census data.

What is the average home price in Montrose-Ghent?

The median home value in Montrose-Ghent is $517,900 according to Zillow and Census data.

What is the median income in Montrose-Ghent?

The median household income in Montrose-Ghent is $175,781 per year (2023 ACS 5-year estimates).

What is the sales tax in Montrose-Ghent, OH?

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

Is Montrose-Ghent, OH affordable?

Montrose-Ghent is above average in cost of living, with an index of 185 — about 85% higher than the national average.

What is the weather like in Montrose-Ghent?

Montrose-Ghent has average high temperatures of 62.1°F and average lows of 42.5°F. Annual precipitation is 32.5". Data from NOAA 1991–2020 Climate Normals.

Montrose-Ghent at a Glance

Population
5,946
Median Income
$175,781
Home Value
$517,900
Median Rent
$2,721/mo
Unemployment
2.2%
Avg High Temp
62.1°F
Sales Tax
7.2%
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