Mentor-on-the-Lake, OH vs Oregon, OH

Mentor-on-the-Lake, OH and Oregon, OH have a very similar cost of living, with only a 4.9% difference in their overall index. Mentor-on-the-Lake scores 78 while Oregon scores 74 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 Mentor-on-the-Lake is $1,021/month compared to $874/month in Oregon — a 17% difference. Interestingly, home values tell a different story: while Oregon has cheaper rent, Mentor-on-the-Lake actually has lower median home values ($171,200 vs $191,300).

Median household income in Mentor-on-the-Lake is $61,320 compared to $82,467 in Oregon (-25.6%). Oregon offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Mentor-on-the-Lake spend roughly 20% of their income on rent, more than the 12.7% in Oregon.