Cost of Living in Richland County, Ohio

$791/mo
Median Monthly Rent
$154,000
Median Home Value

At a Glance

Median Monthly Rent
$791/mo
9% below state average
Median Home Value
$154,000
45% below national
Rent-to-Income Ratio
27.0%
% of income spent on rent

Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)

Affordability Rating
Unaffordable
Rent over 50% of income

How Richland County Compares

Median monthly rent comparison

Richland County$791/mo
Ohio Average$873/mo
National Median$1,163/mo

Detailed Housing Stats

$791/mo
Median Gross Rent
$154,000
Median Home Value
$837/mo
Monthly Owner Cost
27.0%
Rent-to-Income Ratio

National Ranking

Affordability Rank

Richland County ranks #2,708 of 3,144 counties for affordability (bottom 14%)

Most AffordableLeast Affordable

Data Story

About Cost of Living in Richland County, Ohio

Richland's affordability masked by low income

Richland County's 16.5% rent-to-income ratio slightly exceeds the national average, driven by a median household income of $57,649—23% below the national median. While rents are modest, the county's income constraints limit true affordability.

Moderate affordability, weak income

Richland's 16.5% rent-to-income ratio sits above Ohio's 15.6% state average, revealing a county where housing costs consume a larger income share than typical for the state. The $791 median rent ranks among the lowest, but it's not low enough to offset modest wage levels.

Cheapest rents, but lowest incomes too

Richland's $791 rent matches Sandusky as the cheapest in this group, but its $57,649 median income ranks second-lowest after Pike. The county offers bargain housing but limited earning potential compared to peers like Putnam ($82,785) or Pickaway ($72,927).

Tight margins despite low costs

Richland renters pay $791 monthly on a median $57,649 annual income, dedicating 16.5% to rent and leaving limited cushion for emergencies. Homebuyers commit $837 monthly, or 17.4% of income, approaching the federal cost-burden threshold.

Right for cost minimizers only

Richland appeals to relocators prioritizing absolute rent savings, but the county's income levels suggest limited career advancement opportunities. Compare Richland's job market against higher-wage counties like Putnam or Pickaway to ensure the savings are worth the wage trade-off.

Cost of Living Advisory: Richland County

Affordability Verdict

Housing in Richland County is affordable. The median rent is $791/month against a median household income of $57,649, putting rent at 16.5% of income.

Rent vs. Own

The median rent in Richland County is $791/month, while owner costs run $837/month. Renting saves approximately $46/month.

Income Needed

To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $31,640/year. For owner costs at the 28% rule, the required income is roughly $35,871/year. With a median household income of $57,649, most households can comfortably afford rent here. Notably, 27.0% of renter households in Richland County are cost-burdened, spending more than 30% of income on housing.

Regional Context

Richland County sits 7% more expensive than Columbiana County ($736/month) in terms of median gross rent.

Affordability Calculator

See how your income compares to housing costs in Richland County

$

Rent Burden

16.5%

of gross income

Max Housing (28% Rule)

$1,345

per month

Owner Cost Burden

17.4%

of gross income

You can likely afford the median home in Richland County

Median home value is $154,000. Estimated monthly cost: $1,229 vs. your max of $1,345.

Rent Affordability Guide

Your rent-to-income ratio16.5%
Recommended max30.0%

Income Needed Calculator

See how much you need to earn to comfortably afford housing

$
Rent Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $57,649Needed: $31,640
Owner Cost Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $57,649Needed: $35,871
Mortgage Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $57,649Needed: $35,840

Based on the 30% rule for rent and 28% rule for housing costs (mortgage + owner costs). Mortgage estimate assumes 20% down, 7.2% interest, 30-year fixed.

Frequently Asked Questions

What is the cost of living in Richland County, Ohio?
Richland County, Ohio has a median monthly rent of $791/mo and a median home value of $154,000. The affordability rating is Unaffordable, with rent making up approximately 27.0% of median household income.
What is the median rent in Richland County?
The median gross rent in Richland County is $791/mo. This is 9% below state average for Ohio.
Is Richland County affordable?
Richland County is rated Unaffordable based on rent-to-income ratio of 27.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Richland County's rent compare to the state average?
Richland County's median rent of $791/mo is 9% below state average of $873/mo for Ohio.
What is the median home value in Richland County?
The median home value in Richland County, Ohio is $154,000. This is 45% below the national median home value of $281,900.

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By Logan Johnson, Founder & Data EditorUpdated Reviewed by Logan Johnson, Founder & Data Editor

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.

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