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

London, OH and Oakwood village (Cuyahoga County), OH have a very similar cost of living, with only a 0.7% difference in their overall index. London scores 77 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 London is $912/month compared to $975/month in Oakwood village (Cuyahoga County) — a 7% difference. Interestingly, home values tell a different story: while London has cheaper rent, Oakwood village (Cuyahoga County) actually has lower median home values ($172,600 vs $194,800).

Median household income in London is $60,364 compared to $65,038 in Oakwood village (Cuyahoga County) (-7.2%). Oakwood village (Cuyahoga County) offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of London spend roughly 18.1% of their income on rent, more than the 18% in Oakwood village (Cuyahoga County).