Oakwood village (Cuyahoga County), OH vs Vermilion, OH

Oakwood village (Cuyahoga County), OH and Vermilion, OH have a very similar cost of living, with only a 3.9% difference in their overall index. Oakwood village (Cuyahoga County) scores 76 while Vermilion 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 $1,123/month in Vermilion — a 13% difference. Interestingly, home values tell a different story: while Oakwood village (Cuyahoga County) has cheaper rent, Vermilion actually has lower median home values ($172,000 vs $172,600).

Median household income in Oakwood village (Cuyahoga County) is $65,038 compared to $73,052 in Vermilion (-11%). While Vermilion 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, less than the 18.4% in Vermilion.