Loudonville, OH vs Oakwood, OH

The cost of living difference between Loudonville, OH and Oakwood, OH is dramatic. Loudonville is 35.4% cheaper than Oakwood, a gap that translates to thousands of dollars per year in household expenses. Loudonville has a cost index of 65 while Oakwood sits at 101, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

On the housing front, median rent in Loudonville is $683/month compared to $1,320/month in Oakwood — a 48% difference. Home values follow the same pattern: Loudonville is more affordable at $151,400 median vs $350,100.

Median household income in Loudonville is $54,508 compared to $158,968 in Oakwood (-65.7%). While Oakwood is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Loudonville spend roughly 15% of their income on rent, more than the 10% in Oakwood.