Mentor-on-the-Lake, OH
Your dollar goes further in Mentor-on-the-Lake, OH — everyday costs run about 21% below the national average (Cost Index: 79). Housing is especially affordable: the median home is valued at $171,200, well under the $303,400 US median. The local median household income of $61,320 tends to stretch further here than in most parts of the country.
Mentor-on-the-Lake looks comparatively manageable for household relocation, with 20% rent burden, 2.8x home-price-to-income, and a housing index of 56. Use the assumptions below to test whether your own budget still stays in the safe range.Data Sources: U.S. Census Bureau ACS 2023 · BEA RPP 2023 · Zillow ZHVI
Based on your household income, housing mode, local rent, home value, property tax, and mortgage assumptions for Mentor-on-the-Lake.
Cost of Living Breakdown
Each index uses 100 as the US national average. A score of 150 means 50% more expensive; 80 means 20% cheaper.
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%.
Household Housing Budget
Local median household income is shown only as a place-side affordability input. Personal salary, filing status, and take-home pay analysis belong in salary.city.
Property Tax in Mentor-on-the-Lake, OH
Ohio Place Tax Context
Compare Mentor-on-the-Lake to Another City
Compare place-side costs such as housing, rent, groceries, utilities, services, and tax context.
Cost of Living Comparison
Compare place-side housing, rent, goods, services, and utility pressure between cities.
Cost Index Comparison (100 = National Avg)
FAQ: Living in Mentor-on-the-Lake
Is Mentor-on-the-Lake, OH an affordable place to live?+
Yes — everyday expenses in Mentor-on-the-Lake run about 21% below the US average (Cost Index: 79). Housing is especially affordable: the median home is valued around $171,200, compared to the $303,400 national median. Monthly rent is typically around $1,021, versus $1,348 nationally.
How does Mentor-on-the-Lake fit a household housing budget?+
Start with housing. Typical monthly rent is $1,021, while local median household income is $61,320. That implies a rent-burden proxy of about 20% before utilities and other costs. For a specific job offer, filing status, or take-home pay scenario, use salary.city.
How much are taxes in Mentor-on-the-Lake, OH?+
Ohio has a progressive state income tax with a top rate of 3.5%. The effective property tax rate is 1.53%. On a home worth $171,200, that translates to roughly $2,619 per year in property taxes. Sales tax (state + local) averages around 7.24% on everyday purchases.
How much does it cost to rent in Mentor-on-the-Lake, OH?+
The typical monthly rent in Mentor-on-the-Lake is around $1,021. That's roughly 24% lower than the $1,348 national median. For comparison, the median home value here is $171,200, so buyers should also factor in mortgage payments, property taxes, and insurance.
How much does a house cost in Mentor-on-the-Lake, OH?+
The median home in Mentor-on-the-Lake is valued at $171,200. With 20% down and a 6.5% mortgage rate, you'd be looking at roughly $866/month for principal and interest alone — before property taxes and insurance. About 60% of residents here own their homes.
Are groceries and utilities expensive in Mentor-on-the-Lake?+
Grocery prices in Mentor-on-the-Lake are about average compared to the rest of the US (index: 96, where 100 is the national average). Utility bills (electricity, gas, water) are below average (index: 88). Overall, these everyday costs shouldn't cause major surprises if you're moving from another similarly-sized US city.
What is Mentor-on-the-Lake, OH like to live in?+
Mentor-on-the-Lake is a small town with a population of about 7,117. The median age of residents is 46.6, skewing somewhat older — common in established suburban communities. The local poverty rate is 8.95%, near the national average of 12.4%.
Lower-Pressure Alternatives in Ohio
If Mentor-on-the-Lake feels tight, start with these same-state cities that look easier on rent burden or buy-side pressure.
Higher-Pressure Comparisons in Ohio
Use these city pages when you want to compare Mentor-on-the-Lake against tougher same-state markets before deciding whether the current city is already a stretch.
- Real Estate & Housing: Zillow Home Value Index (ZHVI, Smoothed & Seasonally Adjusted) and Zillow Observed Rent Index (ZORI). Structural fallback utilizes U.S. Census Bureau ACS 5-Year Estimates.
- Goods, Utilities & Services: U.S. Bureau of Economic Analysis (BEA) Metropolitan Area Regional Price Parities (MARPP), incorporating verified State Nonmetropolitan averages.
- Mortgage Rates: Freddie Mac 30-Year Fixed Rate Mortgage Average in the United States (PMMS) via Federal Reserve Economic Data (FRED).
- Tax Context: State-level property, sales, and income-tax context used for place-side relocation planning. Personal take-home pay and offer analysis are handled by salary.city.
- Index Methodology: Weighting matrix derived from Bureau of Labor Statistics (BLS) Consumer Expenditure Surveys (CEX) distributional models. Baseline standardized at 100. (Read methodology details)