Hanover, OH vs Oakwood village (Cuyahoga County), OH

Hanover, OH and Oakwood village (Cuyahoga County), OH have a very similar cost of living, with only a 3% difference in their overall index. Hanover scores 78 while Oakwood village (Cuyahoga County) scores 76 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 Hanover is $900/month compared to $975/month in Oakwood village (Cuyahoga County) — a 8% difference. Interestingly, home values tell a different story: while Hanover has cheaper rent, Oakwood village (Cuyahoga County) actually has lower median home values ($172,600 vs $220,500).

Median household income in Hanover is $84,115 compared to $65,038 in Oakwood village (Cuyahoga County) (+29.3%). While Hanover is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Hanover spend roughly 12.8% of their income on rent, less than the 18% in Oakwood village (Cuyahoga County).