Rent is lower than in 66% 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 $54,400 a year. That is $26 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 170 of 288 cities from cheapest to most expensive.
How much do households earn in Willoughby?
Share of households by yearly income. 23.8% of households earn $100,000 or more.
Rent by apartment size in Willoughby
| Size | Willoughby | U.S. average |
|---|---|---|
| Studio | $1,434 | $1,338 |
| 1 bedroom | $1,191 | $1,324 |
| 2 bedrooms | $1,324 | $1,509 |
| 3 bedrooms | $1,531 | $1,698 |
| 4 bedrooms | $2,322 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Willoughby 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 Willoughby, so the Ohio figure is shown.
Taxes and bills in Willoughby
Life in Willoughby
Is it cheaper to rent or buy in Willoughby?
Renting is cheaper right now: about $145 a month less.
Owning assumes a typical $216,900 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $21,690 for the down payment.
Frequently asked questions
What is the average rent in Willoughby, OH?
Renting in Willoughby costs a median of about $1,360 a month in 2026, including utilities. The Ohio median is $1,261.
How much do I need to make to live in Willoughby?
To keep rent under 30% of income, you need about $54,400 a year, or $26 an hour at a full-time job.
Is Willoughby cheap or expensive?
Willoughby is rated OK: rent takes 21.2% of the typical household income of $76,907. It ranks 170th cheapest of 288 Ohio cities we track.
How much are property taxes in Willoughby?
The median homeowner in Willoughby pays $3,585 a year in property taxes, about 1.65% of the median home value.
Is Willoughby 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 Willoughby?
The median home value in Willoughby is $216,900, about 2.8 times the typical yearly household income.
24,046 people live in Willoughby. Numbers are typical (middle) values.