Oakwood, OH vs Troy, OH

The cost of living difference between Oakwood, OH and Troy, OH is dramatic. Troy is 31.2% cheaper than Oakwood, a gap that translates to thousands of dollars per year in household expenses. Oakwood has a cost index of 101 while Troy sits at 77, 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 Oakwood is $1,320/month compared to $934/month in Troy — a 41% difference. Home values follow the same pattern: Troy is more affordable at $199,400 median vs $350,100.

Median household income in Oakwood is $158,968 compared to $70,450 in Troy (+125.6%). 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 Oakwood spend roughly 10% of their income on rent, less than the 15.9% in Troy.