salaryRent is lower than in 54% of U.S. cities. Household incomes are higher than in 93% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Most homes (82.1%) are owned, so rentals can be hard to find. It is a highly educated city: 74.5% of adults have a college degree.
How much money do I need?
To rent here comfortably, you should earn about $62,640 a year. That is $30 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 213 of 288 cities from cheapest to most expensive.
How much do households earn in Oakwood?
Share of households by yearly income. 63.6% of households earn $100,000 or more.
Rent by apartment size in Oakwood
| Size | Oakwood | U.S. average |
|---|---|---|
| 1 bedroom | $992 | $1,324 |
| 2 bedrooms | $1,555 | $1,509 |
| 3 bedrooms | $2,354 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Oakwood 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 Oakwood, so the Ohio figure is shown.
Taxes and bills in Oakwood
Life in Oakwood
Is it cheaper to rent or buy in Oakwood?
Renting is cheaper right now: about $1,002 a month less.
Owning assumes a typical $370,100 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $37,010 for the down payment.
Frequently asked questions
What is the average rent in Oakwood, OH?
Renting in Oakwood costs a median of about $1,566 a month in 2026, including utilities. The Ohio median is $1,261.
How much do I need to make to live in Oakwood?
To keep rent under 30% of income, you need about $62,640 a year, or $30 an hour at a full-time job.
Is Oakwood cheap or expensive?
Oakwood is rated Cheap: rent takes 11.1% of the typical household income of $168,965. It ranks 213th cheapest of 288 Ohio cities we track.
How much are property taxes in Oakwood?
The median homeowner in Oakwood pays $8,284 a year in property taxes, about 2.24% of the median home value.
Is Oakwood 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 Oakwood?
The median home value in Oakwood is $370,100, about 2.2 times the typical yearly household income.
9,458 people live in Oakwood. Numbers are typical (middle) values.