Cost of Living in Canal Lewisville, OH

With a cost of living index of 76, Canal Lewisville, OH is a very affordable place to live. Living here is 24% cheaper than the national average and in line with the Ohio state average. Canal Lewisville is a small community of 628 residents.

Housing costs are the biggest factor in Canal Lewisville's cost of living. The median monthly rent is $1,307 (1% below the US median of $1,319), and the median home value sits at $57,300 (81% below the national median of $304,900). At current prices, the median home costs roughly 0.8x the median household income — well within traditional affordability guidelines.

The median household income in Canal Lewisville is $74,327, which is 1% lower than the national median of $75,149. Residents spend roughly 21% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Climate is another factor for anyone considering a move to Canal Lewisville. The area sees an average annual temperature of 52.9°F, with summers averaging 72°F and winters around 33°F. Annual rainfall totals 38.6 inches spread over roughly 138 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.