salaryRent is lower than in 75% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Most homes (80.9%) are owned, so rentals can be hard to find.
How much money do I need?
To rent here comfortably, you should earn about $48,600 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 130 of 288 cities from cheapest to most expensive.
How much do households earn in Vermilion?
Share of households by yearly income. 27.5% of households earn $100,000 or more.
Rent by apartment size in Vermilion
| Size | Vermilion | U.S. average |
|---|---|---|
| 1 bedroom | $861 | $1,324 |
| 2 bedrooms | $1,139 | $1,509 |
| 3 bedrooms | $1,297 | $1,698 |
| 4 bedrooms | $817 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Vermilion 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 Vermilion, so the Ohio figure is shown.
Taxes and bills in Vermilion
Life in Vermilion
Is it cheaper to rent or buy in Vermilion?
Renting is cheaper right now: about $59 a month less.
Owning assumes a typical $183,600 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $18,360 for the down payment.
Frequently asked questions
What is the average rent in Vermilion, OH?
Renting in Vermilion costs a median of about $1,215 a month in 2026, including utilities. The Ohio median is $1,261.
How much do I need to make to live in Vermilion?
To keep rent under 30% of income, you need about $48,600 a year, or $23 an hour at a full-time job.
Is Vermilion cheap or expensive?
Vermilion is rated Cheap: rent takes 19.4% of the typical household income of $75,173. It ranks 130th cheapest of 288 Ohio cities we track.
How much are property taxes in Vermilion?
The median homeowner in Vermilion pays $2,595 a year in property taxes, about 1.41% of the median home value.
Is Vermilion 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 Vermilion?
The median home value in Vermilion is $183,600, about 2.4 times the typical yearly household income.
10,343 people live in Vermilion. Numbers are typical (middle) values.