Fairport Harbor, OH vs New Knoxville, OH

Fairport Harbor, OH and New Knoxville, OH have a very similar cost of living, with only a 3.3% difference in their overall index. Fairport Harbor scores 69 while New Knoxville scores 72 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Fairport Harbor is $846/month compared to $840/month in New Knoxville — a 1% difference. Interestingly, home values tell a different story: while New Knoxville has cheaper rent, Fairport Harbor actually has lower median home values ($135,500 vs $171,700).

Median household income in Fairport Harbor is $56,184 compared to $79,375 in New Knoxville (-29.2%). While New Knoxville is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Fairport Harbor spend roughly 18.1% of their income on rent, more than the 12.7% in New Knoxville.