< BACK TO BLOG

What is the Cost of Living in Cincinnati Ohio?

Known for its rich history that blends modern culture with a charming past, Cincinnati also offers residents with affordable living. In particular, as a mid-tier city, Cincinnati has plenty of things to do, including all of the entertaining, athletic, and dining options of major US cities, but retains its Midwest charm. Importantly, when considering the cost of living in any location, then housing plays an important role and Cincinnati Ohio is no different. For example, downtown Cincinnati offers a range of rental prices, which vary based on the neighborhood and amenities. While luxury apartments cost more, residents enjoy ample amenities and views, however, the average rent in Cincinnati overall remains relatively affordable compared to other major cities. As life gets more expensive, the following guide aims to help understand the major factors that contribute towards the cost of living in Cincinnati

What Contributes to the Cost of Living in Cincinnati?

Every town, city, and municipality requires some basic essentials that contribute to the cost of living.

• Housing: Generally, housing (rent or mortgage payments) are the biggest monthly expense. While average Cincinnati rents are around a thousand dollars per month, this is a range. Housing costs vary based on location, size and demand. With more demand for living downtown or desirable neighborhoods, popular areas in the city typically see higher rental costs.
• Transportation: From the cost of gas and maintenance to public transportation like bus tickets, there are lots of inputs that contribute towards transportation costs. While Cincinnati has a vibrant business community, depending on your house and job, car ownership will likely increase transportation costs vs public transit or walking to work. For those that need to drive to work, then it is important to understand the parking costs while living in Cincinnati.
• Food: Consisting of in-home dining and eating out, food costs vary by individual preference. For foodies that enjoy trying the latest and greatest restaurant, then food costs will likely be higher. Likewise, the costs of grocers are a little higher in the city vs suburbs.
• Utilities and Miscellaneous Costs: Utilities, which typically includes electricity, water, internet, and other similar services, fluctuate based on local rates and consumption. For homeowners, then maintenance costs, such as lawn care, will likely increase these types of expenses. For renters, then it is important to ask about any utilities that are included in the rent to understand the cost of living at any community.
• Entertainment and Lifestyle: Depending on your lifestyle, then costs for recreational activities, dining, and cultural events can add to the overall living expenses. For many, living in a city offers plenty of entertainment options. Fortunately, Cincinnati residents can enjoy plenty of public parks that provide plenty of outdoor activities, like hiking, biking and running, which may help lower some lifestyle costs vs other similar cities.

Understanding the key things that contribute to the cost of living is important to finding a home that fits into your budget. In addition to these main components, some individuals may have specific healthcare costs or educational costs. For example, grad students will also need to include tuition costs as part of their budget. And, for homeowners and renters, there are various local and state taxes that may need to be factored into the cost of living.

What is Cincinnati’s Cost of Living?

According to some national cost of living analysis, Cincinnati has a cost of living score in the mid to high 80s. The analysis includes the cost of housing, food, and transportation, along with childcare, healthcare, taxes and other necessities, so any personal cost of living metrics will vary based on your lifestyle. However, overall Cincinnati is relatively affordable compared to national averages (about 10% lower than average). Additionally, as the second largest city in Ohio (behind Columbus), the Queen City is about 5% more expensive than the Ohio state average.

With the average Cincinnati rent of around a thousand dollars per month and average downtown rent closer to fifteen hundred dollars per month, the city has similar (or slightly lower) rents than Columbus. For comparison, based on other national metrics, Cincinnati offers a lower cost of living than other major cities. For instance, the cost of living is about the same as Detroit, about 20% cheaper than Houston and roughly 30% cheaper than Los Angeles.

Ultimately, and Cincinnati offers a relatively affordable cost of living (particularly related to housing costs), yet still provides outstanding urban amenities and opportunities.

What are great apartment options in Cincinnati?

With housing the main contributor to the cost of living, many residents may want to know the best apartments in Cincinnati. From downtown Cincinnati to living nearby in Lebanon, OH, or Southgate, KY, NAP offers a range of apartments in a variety of Cincinnati neighborhoods. For example, at The Blonde renters that want to enjoy a luxury apartment downtown with a smaller monthly budget, then our micro apartments are a great option. Or, for families looking for more space, then Gettysburg Square and Olde Montgomery feature townhomes that include many outstanding community amenities, such as multiple swimming pools, walking trails, an outdoor kitchen, a basketball court, a dog park, a tennis court, a fitness center, and more.

Overall, our team is well-versed in all areas of Cincinnati living, so we can provide the pros and cons of each area based on where you work or go to school and your interests. Plus, with our central St. Xavier Park hub that offers multiple apartment buildings with available studios to townhouses in different areas of the city, you’ll be in good hands. Additionally, St. Xavier Park’s Black Card program allows residents to receive exclusive specials and deals at neighborhood businesses, including yoga and barre studios, restaurants, and even hardware stores.

Interested in learning more about our luxury apartments in Cincinnati? Contact us today and let us help you find your happy place!