What is the Average Cost of Living in Ohio?

The cost of living in Ohio is about 7% less than the national average. Explore living expenses in Ohio, including rent, gas, utilities, and even dates. Also learn how family size, home size, and salary play a role in the affordability of living in Ohio and being able to buy a home. At HomeServices Real Estate Academy, we offer online and in-person real estate courses that can prepare you for a career in real estate so you can make a fantastic living and help people find their dream homes.

Living Expenses in Ohio

Living expenses include everything you need to survive and thrive: food, water, shelter, clothing, utilities, gas, health insurance, and your rent or mortgage. It can also include dates, child care, streaming services, gym memberships, and other subscriptions. These costs vary throughout the state, with different costs of living from city to city and higher costs in urban areas than rural areas.

For a single person, the average cost of living in Ohio is $13,727, but that amount doesn't include rent. You can live very comfortably on about $31,200 per year. For a couple, you'll need closer to $37,800. For a family of 4, the average cost of living increases to about $48,000.

Average Living Expenses: Breaking it Down

If you're renting, you should expect costs to be about $1,000 per month for a 2-bedroom apartment, which can be very affordable with a roommate. Most homes are in the lower $200,000 range.

Transportation costs around $13,800 per household but about $9,850 for a single person. This includes gas, car ownership, Uber/taxis, and bus tickets. Don't forget car insurance, which is around $1,000 per year, depending on factors like your car and driving record.

Monthly food expenses are about $577 if you're single, but for a family of 4, this increases to about $1,500.

The average monthly utility expenses in Ohio come out to around $475, which include:

• Cell phone bill: $114.
• Streaming: $46.
• Water bill: $30.
• Gas and electric: $260.
• Internet: $25.

With that in mind, the median annual salary in Ohio is $56,111 per year in 2024.

How HomeServices Real Estate Academy Can Help You

For a fulfilling career that helps others find homes that fit their budget and their dreams, consider taking classes at HomeServices Real Estate Academy. If you meet specific criteria, like you're over 18 and have a high school diploma, you can take our online or in-person classes to prepare for the Ohio licensure exam.

As of 2023, real estate brokers and sales agents in the United States earned a median annual salary of $56,620, according to the U.S. Bureau of Labor Statistics.

Contact Us to Take Real Estate Courses

A real estate agent career can benefit you and the people in your community. HomeServices Real Estate Academy can lead to a brand new career with classes tailored to your needs and time. We offer dynamic lessons that prepare you to step into a career in real estate.

Complete our online contact form, call us to learn more, or enroll in one of our courses to pursue an in-demand, dynamic career. We proudly serve the areas surrounding Louisville and Lexington, KY, and New Albany, IN. Get started on a new and exciting career path today!