Mingo Junction, OH vs Oakwood, OH

The cost of living difference between Mingo Junction, OH and Oakwood, OH is dramatic. Mingo Junction is 34.7% cheaper than Oakwood, a gap that translates to thousands of dollars per year in household expenses. Mingo Junction has a cost index of 66 while Oakwood sits at 101, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

On the housing front, median rent in Mingo Junction is $894/month compared to $1,320/month in Oakwood — a 32% difference. Home values follow the same pattern: Mingo Junction is more affordable at $94,900 median vs $350,100.

Median household income in Mingo Junction is $60,288 compared to $158,968 in Oakwood (-62.1%). While Oakwood is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Mingo Junction spend roughly 17.8% of their income on rent, more than the 10% in Oakwood.