Cost of Living in Eldorado, OH

With a cost of living index of 73, Eldorado, OH is one of the most affordable cities in the country. Living here is 27% cheaper than the national average and 5% below the Ohio state average of 78. Eldorado is a small community of 789 residents.

Housing costs are the biggest factor in Eldorado's cost of living. The median monthly rent is $1,027 (22% below the US median of $1,319), and the median home value sits at $119,100 (61% below the national median of $304,900). At current prices, the median home costs roughly 1.6x the median household income — well within traditional affordability guidelines.

The median household income in Eldorado is $72,545, which is 3% lower than the national median of $75,149. Residents spend roughly 17% 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 Eldorado. The area sees an average annual temperature of 53.9°F, with summers averaging 74°F and winters around 32°F. Annual rainfall totals 41.3 inches spread over roughly 134 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.