Cost of Living in Guilford Lake, OH

With a cost of living index of 78, Guilford Lake, OH is a very affordable place to live. Living here is 22% cheaper than the national average and in line with the Ohio state average. Guilford Lake is a small community of 1,109 residents.

Housing costs are the biggest factor in Guilford Lake's cost of living. The median monthly rent is $920 (30% below the US median of $1,319), and the median home value sits at $219,300 (28% below the national median of $304,900). At current prices, the median home costs roughly 3.6x the median household income — a moderately affordable ratio by today's standards.

The median household income in Guilford Lake is $61,196, which is 19% lower than the national median of $75,149. Residents spend roughly 18% 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 Guilford Lake. The area sees an average annual temperature of 51.7°F, with summers averaging 72°F and winters around 30°F. Annual rainfall totals 41.6 inches spread over roughly 160 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.