Cost of Living in Beaver, OH

With a cost of living index of 65, Beaver, OH is one of the most affordable cities in the country. Living here is 35% cheaper than the national average and 12% below the Ohio state average of 78. Beaver is a small community of 571 residents.

Housing costs are the biggest factor in Beaver's cost of living. The median monthly rent is $685 (48% below the US median of $1,319), and the median home value sits at $150,000 (51% below the national median of $304,900). At current prices, the median home costs roughly 3.7x the median household income — a moderately affordable ratio by today's standards.

The median household income in Beaver is $40,481, which is 46% lower than the national median of $75,149. Residents spend roughly 20% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Climate is another factor for anyone considering a move to Beaver. The area sees an average annual temperature of 56.5°F, with summers averaging 75°F and winters around 37°F. Annual rainfall totals 45.1 inches spread over roughly 142 days.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.