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

Mentor-on-the-Lake, OH and Painesville, OH have a very similar cost of living, with only a 4.8% difference in their overall index. Mentor-on-the-Lake scores 78 while Painesville 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 $957/month in Painesville — a 7% difference. Home values follow the same pattern: Painesville is more affordable at $151,400 median vs $171,200.

Median household income in Mentor-on-the-Lake is $61,320 compared to $50,455 in Painesville (+21.5%). While Mentor-on-the-Lake is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Mentor-on-the-Lake spend roughly 20% of their income on rent, less than the 22.8% in Painesville.