Mayfield, OH vs Oakwood, OH

Mayfield, OH and Oakwood, OH have a very similar cost of living, with only a 1.1% difference in their overall index. Mayfield scores 102 while Oakwood scores 101 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 Mayfield is $1,535/month compared to $1,320/month in Oakwood — a 16% difference. Interestingly, home values tell a different story: while Oakwood has cheaper rent, Mayfield actually has lower median home values ($281,700 vs $350,100).

Median household income in Mayfield is $120,682 compared to $158,968 in Oakwood (-24.1%). Oakwood offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Mayfield spend roughly 15.3% of their income on rent, more than the 10% in Oakwood.