States › Ohio › Portage Lakes

Is Portage Lakes, OH expensive to live in?

OKRent takes 25 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,43718% lower than U.S. average
💵 Families earn per year (2026)$69,428about $5,786/month · 20% lower than U.S. average
🔑 House price$167,00050% lower than U.S. average

Rent is lower than in 61% 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 $57,480 a year. That is $28 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 190 of 288 cities from cheapest to most expensive.

Portage Lakes
$1,437
Montrose-Ghent
$2,963
Groveport
$1,197
Geneva
$894
Port Clinton
$1,046
Granville
$1,249
Germantown
$1,205

How much do households earn in Portage Lakes?

Under $25k
10.5%
$25k–50k
26.5%
$50k–100k
35.8%
$100k–150k
11.6%
$150k+
9.7%

Share of households by yearly income. 21.3% of households earn $100,000 or more.

Rent by apartment size in Portage Lakes

SizePortage LakesU.S. average
1 bedroom$813$1,324
2 bedrooms$1,390$1,509
3 bedrooms$1,256$1,698

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

How expensive is Portage Lakes 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 Portage Lakes, so the Ohio figure is shown.

Taxes and bills in Portage Lakes

🏛️ Property tax$2,963a year · 1.77% of home value · U.S. $3,119
⚡ Electric bill$90a month (typical) · U.S. $156

Life in Portage Lakes

Commute to work21.3 minU.S.: 26.4 min
College degree32.6%U.S.: 35.7%
Own their home61.4%U.S.: 65.2%
Below poverty line11.9%U.S.: 12.5%
Unemployment6.5%U.S.: 5.2%

Is it cheaper to rent or buy in Portage Lakes?

Buying is cheaper month to month: about $278 a month less than renting.

Renting
$1,437
Owning
$1,159

Owning assumes a typical $167,000 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $16,700 for the down payment.

Frequently asked questions

What is the average rent in Portage Lakes, OH?

Renting in Portage Lakes costs a median of about $1,437 a month in 2026, including utilities. The Ohio median is $1,261.

How much do I need to make to live in Portage Lakes?

To keep rent under 30% of income, you need about $57,480 a year, or $28 an hour at a full-time job.

Is Portage Lakes cheap or expensive?

Portage Lakes is rated OK: rent takes 24.8% of the typical household income of $69,428. It ranks 190th cheapest of 288 Ohio cities we track.

How much are property taxes in Portage Lakes?

The median homeowner in Portage Lakes pays $2,963 a year in property taxes, about 1.77% of the median home value.

Is Portage Lakes 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 Portage Lakes?

The median home value in Portage Lakes is $167,000, about 2.4 times the typical yearly household income.

5,913 people live in Portage Lakes. Numbers are typical (middle) values.