States › Ohio › London

Is London, OH expensive to live in?

OKRent takes 23 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,26328% lower than U.S. average
💵 Families earn per year (2026)$64,959about $5,413/month · 25% lower than U.S. average
🔑 House price$201,00040% lower than U.S. average

Rent is lower than in 72% of U.S. cities. A typical house costs about 3.1 years of household income.

How much money do I need?

To rent here comfortably, you should earn about $50,520 a year. That is $24 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 146 of 288 cities from cheapest to most expensive.

London
$1,263
Reading
$1,274
Shiloh
$1,067
Tipp City
$958
Richmond Heights
$1,063
Vermilion
$1,215
Galion
$1,109

How much do households earn in London?

Under $25k
11.5%
$25k–50k
33.9%
$50k–100k
26.8%
$100k–150k
19.3%
$150k+
4.9%

Share of households by yearly income. 24.2% of households earn $100,000 or more.

Rent by apartment size in London

SizeLondonU.S. average
1 bedroom$951$1,324
2 bedrooms$1,067$1,509
3 bedrooms$901$1,698

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

How expensive is London 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 London, so the Ohio figure is shown.

Taxes and bills in London

🏛️ Property tax$1,678a year · 0.83% of home value · U.S. $3,119
⚡ Electric bill$121a month (typical) · U.S. $156

Life in London

Commute to work22.9 minU.S.: 26.4 min
College degree22.3%U.S.: 35.7%
Own their home63.7%U.S.: 65.2%
Below poverty line10.8%U.S.: 12.5%
Unemployment4%U.S.: 5.2%

Is it cheaper to rent or buy in London?

Renting is cheaper right now: about $132 a month less.

Renting
$1,263
Owning
$1,395

Owning assumes a typical $201,000 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $20,100 for the down payment.

Frequently asked questions

What is the average rent in London, OH?

Renting in London costs a median of about $1,263 a month in 2026, including utilities. The Ohio median is $1,261.

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

To keep rent under 30% of income, you need about $50,520 a year, or $24 an hour at a full-time job.

Is London cheap or expensive?

London is rated OK: rent takes 23.3% of the typical household income of $64,959. It ranks 146th cheapest of 288 Ohio cities we track.

How much are property taxes in London?

The median homeowner in London pays $1,678 a year in property taxes, about 0.83% of the median home value.

Is London 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 London?

The median home value in London is $201,000, about 3.1 times the typical yearly household income.

10,484 people live in London. Numbers are typical (middle) values.