States › Ohio › Waterville

Is Waterville, OH expensive to live in?

CheapRent takes 17 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,54412% lower than U.S. average
💵 Families earn per year (2026)$112,287about $9,357/month · 29% higher than U.S. average
🔑 House price$308,4007% lower than U.S. average

Rent is lower than in 55% 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 $61,760 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 207 of 288 cities from cheapest to most expensive.

Waterville
$1,544
Granville
$1,249
Rittman
$1,025
The Village of Indian Hill
$2,968
Port Clinton
$1,046
Portage Lakes
$1,437
Montrose-Ghent
$2,963

How much do households earn in Waterville?

Under $25k
6.2%
$25k–50k
18.2%
$50k–100k
35.8%
$100k–150k
25.0%
$150k+
15.2%

Share of households by yearly income. 40.2% of households earn $100,000 or more.

Rent by apartment size in Waterville

SizeWatervilleU.S. average
1 bedroom$1,584$1,324
2 bedrooms$1,516$1,509
3 bedrooms$1,961$1,698

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

How expensive is Waterville 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 Waterville, so the Ohio figure is shown.

Taxes and bills in Waterville

🏛️ Property tax$4,836a year · 1.57% of home value · U.S. $3,119
⚡ Electric bill$109a month (typical) · U.S. $156

Life in Waterville

Commute to work27 minU.S.: 26.4 min
College degree47.4%U.S.: 35.7%
Own their home73%U.S.: 65.2%
Below poverty line4.3%U.S.: 12.5%
Unemployment3.2%U.S.: 5.2%

Is it cheaper to rent or buy in Waterville?

Renting is cheaper right now: about $596 a month less.

Renting
$1,544
Owning
$2,140

Owning assumes a typical $308,400 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $30,840 for the down payment.

Frequently asked questions

What is the average rent in Waterville, OH?

Renting in Waterville costs a median of about $1,544 a month in 2026, including utilities. The Ohio median is $1,261.

How much do I need to make to live in Waterville?

To keep rent under 30% of income, you need about $61,760 a year, or $30 an hour at a full-time job.

Is Waterville cheap or expensive?

Waterville is rated Cheap: rent takes 16.5% of the typical household income of $112,287. It ranks 207th cheapest of 288 Ohio cities we track.

How much are property taxes in Waterville?

The median homeowner in Waterville pays $4,836 a year in property taxes, about 1.57% of the median home value.

Is Waterville 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 Waterville?

The median home value in Waterville is $308,400, about 2.7 times the typical yearly household income.

6,017 people live in Waterville. Numbers are typical (middle) values.