States › Ohio › Mentor-on-the-Lake

Is Mentor-on-the-Lake, OH expensive to live in?

CheapRent takes 20 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,18932% lower than U.S. average
💵 Families earn per year (2026)$72,462about $6,039/month · 17% lower than U.S. average
🔑 House price$188,50043% lower than U.S. average

Rent is lower than in 77% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards.

How much money do I need?

To rent here comfortably, you should earn about $47,560 a year. That is $23 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 116 of 288 cities from cheapest to most expensive.

Mentor-on-the-Lake
$1,189
Chesterland
$928
Cortland
$796
Delphos
$765
Union
$1,236
Logan
$803
Mount Healthy
$1,189

How much do households earn in Mentor-on-the-Lake?

Under $25k
8.7%
$25k–50k
24.3%
$50k–100k
44.7%
$100k–150k
13.3%
$150k+
5.5%

Share of households by yearly income. 18.8% of households earn $100,000 or more.

Rent by apartment size in Mentor-on-the-Lake

SizeMentor-on-the-LakeU.S. average
1 bedroom$971$1,324
2 bedrooms$1,280$1,509
3 bedrooms$1,575$1,698

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

How expensive is Mentor-on-the-Lake 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 Mentor-on-the-Lake, so the Ohio figure is shown.

Taxes and bills in Mentor-on-the-Lake

🏛️ Property tax$3,167a year · 1.68% of home value · U.S. $3,119
⚡ Electric bill$86a month (typical) · U.S. $156

Life in Mentor-on-the-Lake

Commute to work21 minU.S.: 26.4 min
College degree24.7%U.S.: 35.7%
Own their home61.9%U.S.: 65.2%
Below poverty line8.5%U.S.: 12.5%
Unemployment1.9%U.S.: 5.2%

Is it cheaper to rent or buy in Mentor-on-the-Lake?

Renting is cheaper right now: about $119 a month less.

Renting
$1,189
Owning
$1,308

Owning assumes a typical $188,500 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $18,850 for the down payment.

Frequently asked questions

What is the average rent in Mentor-on-the-Lake, OH?

Renting in Mentor-on-the-Lake costs a median of about $1,189 a month in 2026, including utilities. The Ohio median is $1,261.

How much do I need to make to live in Mentor-on-the-Lake?

To keep rent under 30% of income, you need about $47,560 a year, or $23 an hour at a full-time job.

Is Mentor-on-the-Lake cheap or expensive?

Mentor-on-the-Lake is rated Cheap: rent takes 19.7% of the typical household income of $72,462. It ranks 116th cheapest of 288 Ohio cities we track.

How much are property taxes in Mentor-on-the-Lake?

The median homeowner in Mentor-on-the-Lake pays $3,167 a year in property taxes, about 1.68% of the median home value.

Is Mentor-on-the-Lake 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 Mentor-on-the-Lake?

The median home value in Mentor-on-the-Lake is $188,500, about 2.6 times the typical yearly household income.

7,111 people live in Mentor-on-the-Lake. Numbers are typical (middle) values.