salaryRent here is among the lowest 10% of all U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Most homes (84.8%) are owned, so rentals can be hard to find.
How much money do I need?
To rent here comfortably, you should earn about $34,840 a year. That is $17 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 23 of 288 cities from cheapest to most expensive.
How much do households earn in Canfield?
Share of households by yearly income. 38.6% of households earn $100,000 or more.
Rent by apartment size in Canfield
| Size | Canfield | U.S. average |
|---|---|---|
| 1 bedroom | $735 | $1,324 |
| 2 bedrooms | $1,055 | $1,509 |
| 3 bedrooms | $953 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Canfield 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 Canfield, so the Ohio figure is shown.
Taxes and bills in Canfield
Life in Canfield
Is it cheaper to rent or buy in Canfield?
Renting is cheaper right now: about $897 a month less.
Owning assumes a typical $254,800 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $25,480 for the down payment.
Frequently asked questions
What is the average rent in Canfield, OH?
Renting in Canfield costs a median of about $871 a month in 2026, including utilities. The Ohio median is $1,261.
How much do I need to make to live in Canfield?
To keep rent under 30% of income, you need about $34,840 a year, or $17 an hour at a full-time job.
Is Canfield cheap or expensive?
Canfield is rated Cheap: rent takes 9.9% of the typical household income of $105,088. It ranks 23rd cheapest of 288 Ohio cities we track.
How much are property taxes in Canfield?
The median homeowner in Canfield pays $3,332 a year in property taxes, about 1.31% of the median home value.
Is Canfield 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 Canfield?
The median home value in Canfield is $254,800, about 2.4 times the typical yearly household income.
7,649 people live in Canfield. Numbers are typical (middle) values.