Loudonville, OH vs Wakeman, OH

Loudonville, OH and Wakeman, OH have a very similar cost of living, with only a 4.8% difference in their overall index. Loudonville scores 65 while Wakeman scores 69 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 Loudonville is $683/month compared to $776/month in Wakeman — a 12% difference. Home values follow the same pattern: Loudonville is more affordable at $151,400 median vs $169,300.

Median household income in Loudonville is $54,508 compared to $70,393 in Wakeman (-22.6%). While Wakeman 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 13.2% in Wakeman.