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Mentor-on-the-Lake, OH

Complete financial data dashboard — cost of living, mortgage calculator, salary comparisons, and tax details.Source: U.S. Census Bureau ACS 2023 · FRED

Cost Index
52
Very Affordable
Median Home Value
$171,200
National: $426,735
Median Rent
$1,021/mo
National: $1,527/mo
Household Income
$61,320
National: $84,532
Population
7,117
Purchasing Power
140
100 = national baseline

Cost of Living Breakdown

Housing Cost Index
40 / 100
100 = national average
Rent Index
67 / 100
Overall Index
52
Very Affordable

Mentor-on-the-Lake Mortgage Calculator

Pre-filled with the local median home value of $171,200 and Ohio's property tax rate of 1.53%.

Salary & Purchasing Power

Median household income is $61,320 27% below the national average.

What $61,320 in Mentor-on-the-Lake Gets You Elsewhere

CityEquivalent SalaryDifference
New York, NY$178,064+190%
Los Angeles, CA$200,469+227%
Detroit, MI$47,169-23%
Wichita, KS$60,141-2%

Property Tax in Mentor-on-the-Lake, OH

Est. Annual Property Tax
$2,619
Monthly Impact
$218
Added to your mortgage
Effective Rate
1.53%
National avg: ~1.00%

Ohio Tax Overview

Tax TypeOhioNational Avg
Property Tax Rate1.53%1.00%
Top Income Tax Rate3.5%~5.0%
State Sales Tax7.24%~5.0%

Compare Mentor-on-the-Lake to Another City

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Cost of Living Comparison

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Mentor-on-the-Lake, OH
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Cost Index Comparison (100 = National Avg)

Housing CostsNational Avg: 100
Mentor-on-the-Lake, OH: 40
Rent Prices
67
LC
Reviewed by LivabilityCalc Research Team
Financial Data Analysts · Census & Economic Data Specialists
📊 Data Sources & Methodology
  • Housing & Demographics: U.S. Census Bureau, American Community Survey (ACS) 2023 1-Year Estimates
  • Mortgage Rates: Freddie Mac Primary Mortgage Market Survey via Federal Reserve Economic Data (FRED)
  • Tax Rates: Tax Foundation State & Local Tax Data, 2024
  • Cost of Living Index: Calculated using Census housing + rental data vs. national median (see methodology)
Last data update: March 2026 · Mortgage rates updated weekly · Page auto-refreshes every 24 hours via ISR