Cost of Living in Lake County, Ohio
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Lake County Compares
Median monthly rent comparison
Detailed Housing Stats
Data Story
About Cost of Living in Lake County, Ohio
Lake County: High Costs, Higher Incomes
Lake County's 16.5% rent-to-income ratio exceeds the national benchmark, though its $77,952 median household income runs 4% above the U.S. median of $74,755. Residents here earn more but also pay considerably more for housing than the typical American household.
Priciest County in This Cohort
Lake County tops this region with a $1,073 median rent—23% above Ohio's $873 state average—pushing its 16.5% rent-to-income ratio above the state average of 15.6%. The premium reflects Lake County's position as a higher-cost suburban market.
Premium Pricing for Suburban Appeal
Lake County's $1,073 rent substantially exceeds Jefferson ($792), Lawrence ($830), and Logan ($832), reflecting its more developed suburban infrastructure and amenities. At $199,900, median home values also rank among the region's highest, signaling strong market demand.
16.5% of Income Goes to Rent
Renters allocate $1,073 monthly to gross rent—16.5% of the $77,952 median income—while homeowners carry $1,135 in monthly costs, roughly 17.5% of household earnings. Despite higher absolute costs, Lake County's above-average incomes keep percentage-based affordability reasonable.
Lake County for Suburban Comfort
Lake County suits higher-earning professionals seeking suburban amenities and above-average schools, with strong incomes to support elevated housing costs. If you prioritize community infrastructure and don't need minimum-cost housing, Lake County rewards earned income.
Affordability Calculator
See how your income compares to housing costs in Lake County
Rent Burden
16.5%
of gross income
Max Housing (28% Rule)
$1,819
per month
Owner Cost Burden
17.5%
of gross income
You can likely afford the median home in Lake County
Median home value is $199,900. Estimated monthly cost: $1,596 vs. your max of $1,819.
Rent Affordability Guide
Frequently Asked Questions
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.