Montrose-Ghent, OH

Yes — Montrose-Ghent is about 37% more expensive than the national average, with an overall Cost Index of 137. Housing is the biggest factor: the typical home here is valued around $507,250, and monthly rents average roughly $2,721. Day-to-day costs like groceries and utilities tend to run closer to the national norm.

Start with housing. Typical monthly rent is $2,721, while local median household income is $175,781. That implies a rent-burden proxy of about 19% before utilities and other costs. For a specific job offer, filing status, or take-home pay scenario, use salary.city.

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 $507,250, that translates to roughly $7,761 per year in property taxes. Sales tax (state + local) averages around 7.24% on everyday purchases.

The typical monthly rent in Montrose-Ghent is around $2,721. That's about 102% higher than the $1,348 national median. For comparison, the median home value here is $507,250, so buyers should also factor in mortgage payments, property taxes, and insurance.

The median home in Montrose-Ghent is valued at $507,250. With 20% down and a 6.5% mortgage rate, you'd be looking at roughly $2,565/month for principal and interest alone — before property taxes and insurance. About 92% of residents here own their homes.

Grocery prices in Montrose-Ghent are more affordable compared to the rest of the US (index: 94, where 100 is the national average). Utility bills (electricity, gas, water) are about typical (index: 96). Overall, these everyday costs shouldn't cause major surprises if you're moving from another similarly-sized US city.

Montrose-Ghent is a small town with a population of about 5,946. The median age of residents is 46.6, skewing somewhat older — common in established suburban communities. The local poverty rate is 5.06%, well below the national average of 12.4%.