Cost of Living in Oakwood village (Cuyahoga County), OH

Population 3,526 · Ohio · Data vintage 2023

Cost Index
(100 = US avg)

Page updated: April 2026 · Data vintage: 2023 ACS 5-Year

Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Buyers in Oakwood village (Cuyahoga County) can reasonably expect a home to cost less than three years of household income — $173,000 against $65,038 in typical earnings — a ratio that has collapsed to 5:1 or worse in much of the country. A poverty rate near 24% adds context to the income figures — well above the US average, and worth factoring into any comparison with cities on the coasts or in the Rockies.

Oakwood village (Cuyahoga County) sits roughly 12 miles southeast of Cleveland — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 83% higher than Cleveland's $94,000.

Cost Overview

Housing 57

Rent 74

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

About the Cost of Living in Oakwood village (Cuyahoga County)

The median home value in Oakwood village (Cuyahoga County) is $172,600 — 43% below the national median of $305,000. Median rent runs $975/month, 26% lower than the national median of $1,314/month. The median household income of $65,038/year is 13% lower 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 58.9°F and lows of 45.8°F. Overall, Oakwood village (Cuyahoga County) has a cost of living index of 64 versus the US average of 100, meaning it is 36% less expensive.

📍

Oakwood village (Cuyahoga County) has limited residential data

Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:

Bedford, OH

Median home: $124,900

Rent: $1,061/mo

Income: $56,563

Bedford Heights, OH

Median home: $137,500

Rent: $977/mo

Income: $47,066

Solon, OH

Median home: $375,700

Rent: $1,460/mo

Income: $135,180

Macedonia, OH

Median home: $294,500

🏠 Housing

Median Home Value

$172,600

43% below avg

Median Rent

$975/mo

26% below avg

Price-to-Rent Ratio

14.8x

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 70.5%

Renter-occupied 29.5%

💰 Estimated Monthly Budget

Rent median rent

$975

Groceries national estimate

$400

Utilities local estimate

$88

Transportation local gas prices

$126

Estimated Total $1,589/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

21.1 min

22% below avg

Gas Price

$3.145/gal

0% below avg

Work From Home

15.8%

Commute Mode

Drove alone

65.2%

Carpooled

18.9%

Work from home

15.8%

⚡ 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

$65,038

13% below avg

Per Capita Income

$34,477

Unemployment Rate

6.0%

24% above avg

Poverty Rate

23.6%

Labor Force Participation

51.6%

🎓 Education

Bachelor's degree+ 12.8%

Graduate degree 5.1%

👥 Demographics

Median Age 45.8

Male median age 34.4

Female median age 60.9

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High

58.9°F

Avg Low

45.8°F

Annual Precip

33.3"

Month	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
High °F	35	37	45	57	68	77	81	80	74	63	51	40
Low °F	24	25	31	41	53	63	68	67	60	49	38	30
Precip"	1.76	1.53	2.35	3.10	3.51	2.84	3.66	3.45	2.94	3.24	2.92	2.04

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 57 — Moderate

32.1%

Good air days/yr

234

Max AQI recorded

276

PM2.5 days

Ozone days

Frequently Asked Questions

What is the cost of living in Oakwood village (Cuyahoga County), OH?

Oakwood village (Cuyahoga County) has a cost index of 64 (100 = national average). It is 36% below the national average.

What is average rent in Oakwood village (Cuyahoga County), OH?

The median gross rent in Oakwood village (Cuyahoga County) is $975 per month based on 2023 Census data.

What is the average home price in Oakwood village (Cuyahoga County)?

The median home value in Oakwood village (Cuyahoga County) is $172,600 according to 2023 Census ACS data.

What is the median income in Oakwood village (Cuyahoga County)?

The median household income in Oakwood village (Cuyahoga County) is $65,038 per year (2023 ACS 5-year estimates).

What is the sales tax in Oakwood village (Cuyahoga County), OH?

The combined state and local sales tax rate in Oakwood village (Cuyahoga County) is 7.2%. The Ohio state income tax top rate is 3.8%.

Is Oakwood village (Cuyahoga County), OH affordable?

Yes, Oakwood village (Cuyahoga County) is generally considered affordable, with a cost of living index of 64 — about 36% below the US national average of 100.

What is the weather like in Oakwood village (Cuyahoga County)?

Oakwood village (Cuyahoga County) has average high temperatures of 58.9°F and average lows of 45.8°F. Annual precipitation is 33.3". Data from NOAA 1991–2020 Climate Normals.

Oakwood village (Cuyahoga County) at a Glance

Population: 3,526
Median Income: $65,038
Home Value: $172,600
Median Rent: $975/mo
Unemployment: 6.0%
Avg High Temp: 58.9°F
Sales Tax: 7.2%

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