Elmwood Place, OH vs Rio Grande, OH

Elmwood Place is moderately more affordable than Rio Grande, with a 7.6% lower cost of living index. Elmwood Place scores 58 compared to 63 for Rio Grande, where the US average is 100. This difference means residents of Rio Grande can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Elmwood Place is $663/month compared to $514/month in Rio Grande — a 29% difference. Interestingly, home values tell a different story: while Rio Grande has cheaper rent, Elmwood Place actually has lower median home values ($58,300 vs $181,600).

Median household income in Elmwood Place is $39,980 compared to $40,721 in Rio Grande (-1.8%). Rio Grande does offer higher incomes, but the salary premium barely offsets the higher cost of living, leaving residents with a tighter budget. Looking at affordability, residents of Elmwood Place spend roughly 19.9% of their income on rent, more than the 15.1% in Rio Grande.