Minster, OH vs Oakwood, OH

There is a significant gap in the cost of living between these two cities. Minster is 19.5% cheaper than Oakwood. With a cost index of 81 vs 101, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Minster to Oakwood should plan for substantially higher expenses across most categories.

On the housing front, median rent in Minster is $927/month compared to $1,320/month in Oakwood — a 30% difference. Home values follow the same pattern: Minster is more affordable at $258,000 median vs $350,100.

Median household income in Minster is $91,250 compared to $158,968 in Oakwood (-42.6%). 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 Minster spend roughly 12.2% of their income on rent, more than the 10% in Oakwood.