Oakwood village (Cuyahoga County), OH vs Tipp City, OH

Oakwood village (Cuyahoga County), OH and Tipp City, OH have a very similar cost of living, with only a 4.1% difference in their overall index. Oakwood village (Cuyahoga County) scores 76 while Tipp City scores 79 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 Oakwood village (Cuyahoga County) is $975/month compared to $912/month in Tipp City — a 7% difference. Interestingly, home values tell a different story: while Tipp City has cheaper rent, Oakwood village (Cuyahoga County) actually has lower median home values ($172,600 vs $237,400).

Median household income in Oakwood village (Cuyahoga County) is $65,038 compared to $85,081 in Tipp City (-23.6%). While Tipp City 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 village (Cuyahoga County) spend roughly 18% of their income on rent, more than the 12.9% in Tipp City.