States › Ohio › Independence

Is Independence, OH expensive to live in?

CheapRent takes 15 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,52913% lower than U.S. average
💵 Families earn per year (2026)$124,818about $10,402/month · 43% higher than U.S. average
🔑 House price$309,9007% lower than U.S. average

Rent is lower than in 56% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Most homes (90.4%) are owned, so rentals can be hard to find.

How much money do I need?

To rent here comfortably, you should earn about $61,160 a year. That is $29 an hour at a full-time job.

Is rent cheaper than other Ohio cities?

No. Rent here is more expensive than in most of Ohio. It is number 205 of 288 cities from cheapest to most expensive.

Independence
$1,529
Wauseon
$908
Landen
$1,735
Hubbard
$884
Withamsville
$1,496
Canfield
$871
Kenton
$691

How much do households earn in Independence?

Under $25k
9.0%
$25k–50k
11.1%
$50k–100k
34.0%
$100k–150k
22.6%
$150k+
22.8%

Share of households by yearly income. 45.4% of households earn $100,000 or more.

Rent by apartment size in Independence

SizeIndependenceU.S. average
2 bedrooms$1,510$1,509
3 bedrooms$1,897$1,698
4 bedrooms$1,803$2,098

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Independence overall?

Everyday prices in Ohio overall are 7% below the U.S. average (index 92.8, U.S. = 100).

Housing
73
Goods (food, clothes…)
94
Utilities
96
Other services
99
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Independence, so the Ohio figure is shown.

Taxes and bills in Independence

🏛️ Property tax$4,870a year · 1.57% of home value · U.S. $3,119
⚡ Electric bill$117a month (typical) · U.S. $156

Life in Independence

Commute to work22.6 minU.S.: 26.4 min
College degree47.4%U.S.: 35.7%
Own their home90.4%U.S.: 65.2%
Below poverty line2.4%U.S.: 12.5%
Unemployment1.5%U.S.: 5.2%

Is it cheaper to rent or buy in Independence?

Renting is cheaper right now: about $621 a month less.

Renting
$1,529
Owning
$2,150

Owning assumes a typical $309,900 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $30,990 for the down payment.

Frequently asked questions

What is the average rent in Independence, OH?

Renting in Independence costs a median of about $1,529 a month in 2026, including utilities. The Ohio median is $1,261.

How much do I need to make to live in Independence?

To keep rent under 30% of income, you need about $61,160 a year, or $29 an hour at a full-time job.

Is Independence cheap or expensive?

Independence is rated Cheap: rent takes 14.7% of the typical household income of $124,818. It ranks 205th cheapest of 288 Ohio cities we track.

How much are property taxes in Independence?

The median homeowner in Independence pays $4,870 a year in property taxes, about 1.57% of the median home value.

Is Independence 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 Independence?

The median home value in Independence is $309,900, about 2.5 times the typical yearly household income.

7,534 people live in Independence. Numbers are typical (middle) values.