salaryRent is lower than in 88% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Most homes (88.2%) are owned, so rentals can be hard to find.
How much money do I need?
To rent here comfortably, you should earn about $40,080 a year. That is $19 an hour at a full-time job.
Is rent cheaper than other Ohio cities?
Yes. Rent here is cheaper than in most of Ohio. It is number 54 of 288 cities from cheapest to most expensive.
How much do households earn in Amherst?
Share of households by yearly income. 36.7% of households earn $100,000 or more.
Rent by apartment size in Amherst
| Size | Amherst | U.S. average |
|---|---|---|
| 1 bedroom | $805 | $1,324 |
| 2 bedrooms | $960 | $1,509 |
| 3 bedrooms | $1,586 | $1,698 |
| 4 bedrooms | $1,548 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Amherst overall?
Everyday prices in Ohio overall are 7% below the U.S. average (index 92.8, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Amherst, so the Ohio figure is shown.
Taxes and bills in Amherst
Life in Amherst
Is it cheaper to rent or buy in Amherst?
Renting is cheaper right now: about $658 a month less.
Owning assumes a typical $239,200 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $23,920 for the down payment.
Frequently asked questions
What is the average rent in Amherst, OH?
Renting in Amherst costs a median of about $1,002 a month in 2026, including utilities. The Ohio median is $1,261.
How much do I need to make to live in Amherst?
To keep rent under 30% of income, you need about $40,080 a year, or $19 an hour at a full-time job.
Is Amherst cheap or expensive?
Amherst is rated Cheap: rent takes 12.3% of the typical household income of $97,847. It ranks 54th cheapest of 288 Ohio cities we track.
How much are property taxes in Amherst?
The median homeowner in Amherst pays $3,139 a year in property taxes, about 1.31% of the median home value.
Is Amherst more expensive than the national average?
Overall prices in Ohio are 7% below the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Amherst?
The median home value in Amherst is $239,200, about 2.4 times the typical yearly household income.
12,906 people live in Amherst. Numbers are typical (middle) values.