Portage Lakes, OH vs Spencerville, OH

There is a significant gap in the cost of living between these two cities. Spencerville is 17.9% cheaper than Portage Lakes. With a cost index of 68 vs 80, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Spencerville to Portage Lakes should plan for substantially higher expenses across most categories.

On the housing front, median rent in Portage Lakes is $1,125/month compared to $848/month in Spencerville — a 33% difference. Home values follow the same pattern: Spencerville is more affordable at $141,700 median vs $165,500.

Median household income in Portage Lakes is $66,027 compared to $49,938 in Spencerville (+32.2%). While Portage Lakes is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Portage Lakes spend roughly 20.4% of their income on rent, less than the 20.4% in Spencerville.