Loudonville, OH vs Sheffield Lake, OH

Loudonville is moderately more affordable than Sheffield Lake, with a 14% lower cost of living index. Loudonville scores 65 compared to 76 for Sheffield Lake, where the US average is 100. This difference means residents of Sheffield Lake can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Loudonville is $683/month compared to $1,014/month in Sheffield Lake — a 33% difference. Home values follow the same pattern: Loudonville is more affordable at $151,400 median vs $153,400.

Median household income in Loudonville is $54,508 compared to $62,065 in Sheffield Lake (-12.2%). The higher salaries in Sheffield Lake partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Loudonville spend roughly 15% of their income on rent, less than the 19.6% in Sheffield Lake.