Lakemore, OH vs Olmsted Falls, OH

Lakemore is moderately more affordable than Olmsted Falls, with a 9.3% lower cost of living index. Lakemore scores 77 compared to 85 for Olmsted Falls, where the US average is 100. This difference means residents of Olmsted Falls can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Lakemore is $1,073/month compared to $1,142/month in Olmsted Falls — a 6% difference. Home values follow the same pattern: Lakemore is more affordable at $143,700 median vs $214,800.

Median household income in Lakemore is $54,836 compared to $93,907 in Olmsted Falls (-41.6%). While Olmsted Falls is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Lakemore spend roughly 23.5% of their income on rent, more than the 14.6% in Olmsted Falls.