salaryRent is lower than in 64% of U.S. cities. That makes it a rare mix of above-average pay and below-average rent. A typical house costs under 3 years of household income, which is easy by U.S. standards. It is a highly educated city: 69.3% of adults have a college degree.
How much money do I need?
To rent here comfortably, you should earn about $55,560 a year. That is $27 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 183 of 288 cities from cheapest to most expensive.
How much do households earn in Shaker Heights?
Share of households by yearly income. 41.7% of households earn $100,000 or more.
Rent by apartment size in Shaker Heights
| Size | Shaker Heights | U.S. average |
|---|---|---|
| Studio | $1,198 | $1,338 |
| 1 bedroom | $926 | $1,324 |
| 2 bedrooms | $1,360 | $1,509 |
| 3 bedrooms | $1,706 | $1,698 |
| 4 bedrooms | $2,448 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Shaker Heights 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 Shaker Heights, so the Ohio figure is shown.
Taxes and bills in Shaker Heights
Life in Shaker Heights
Is it cheaper to rent or buy in Shaker Heights?
Renting is cheaper right now: about $715 a month less.
Owning assumes a typical $303,200 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $30,320 for the down payment.
Frequently asked questions
What is the average rent in Shaker Heights, OH?
Renting in Shaker Heights costs a median of about $1,389 a month in 2026, including utilities. The Ohio median is $1,261.
How much do I need to make to live in Shaker Heights?
To keep rent under 30% of income, you need about $55,560 a year, or $27 an hour at a full-time job.
Is Shaker Heights cheap or expensive?
Shaker Heights is rated Cheap: rent takes 14.8% of the typical household income of $112,243. It ranks 183rd cheapest of 288 Ohio cities we track.
How much are property taxes in Shaker Heights?
The median homeowner in Shaker Heights pays $9,168 a year in property taxes, about 3.02% of the median home value.
Is Shaker Heights 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 Shaker Heights?
The median home value in Shaker Heights is $303,200, about 2.7 times the typical yearly household income.
28,922 people live in Shaker Heights. Numbers are typical (middle) values.