Cost of Living in Madeira, OH: Rent, Income & Home Prices

CheapRent takes 13 cents of every $1 people earn here.

🏠 Rent per month (2026)$1,96512% higher than U.S. average

💵 Families earn per year (2026)$180,814about $15,068/month · 108% higher than U.S. average

🔑 House price$484,20046% higher than U.S. average

Rent is higher than in 67% of U.S. cities. Household incomes are higher than in 95% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Commutes are short, about 17.8 minutes. Most homes (92.2%) are owned, so rentals can be hard to find. It is a highly educated city: 74.7% of adults have a college degree.

How much money do I need?

To rent here comfortably, you should earn about $78,600 a year. That is $38 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 264 of 288 cities from cheapest to most expensive.

Madeira

$1,965

$1,888

$1,511

$1,566

$1,177

$1,006

$1,180

How much do households earn in Madeira?

Under $25k

9.6%

$25k–50k

9.0%

$50k–100k

19.0%

$100k–150k

21.3%

$150k+

41.3%

Share of households by yearly income. 62.6% of households earn $100,000 or more.

How expensive is Madeira overall?

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

Housing

Goods (food, clothes…)

Utilities

Other services

U.S. average

100

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

Taxes and bills in Madeira

🏛️ Property tax$8,750a year · 1.81% of home value · U.S. $3,119

⚡ Electric bill$215a month (typical) · U.S. $156

Life in Madeira

Commute to work17.8 minU.S.: 26.4 min

College degree74.7%U.S.: 35.7%

Own their home92.2%U.S.: 65.2%

Below poverty line2.5%U.S.: 12.5%

Unemployment1.2%U.S.: 5.2%

Is it cheaper to rent or buy in Madeira?

Renting is cheaper right now: about $1,395 a month less.

Renting

$1,965

Owning

$3,360

Owning assumes a typical $484,200 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $48,420 for the down payment.

Frequently asked questions

What is the average rent in Madeira, OH?

Renting in Madeira costs a median of about $1,965 a month in 2026, including utilities. The Ohio median is $1,261.

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

To keep rent under 30% of income, you need about $78,600 a year, or $38 an hour at a full-time job.

Is Madeira cheap or expensive?

Madeira is rated Cheap: rent takes 13.0% of the typical household income of $180,814. It ranks 264th cheapest of 288 Ohio cities we track.

How much are property taxes in Madeira?

The median homeowner in Madeira pays $8,750 a year in property taxes, about 1.81% of the median home value.

Is Madeira 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 Madeira?

The median home value in Madeira is $484,200, about 2.7 times the typical yearly household income.

9,484 people live in Madeira. Numbers are typical (middle) values.

Is Madeira, OH expensive to live in?