Cost of Living in Lake Lakengren, OH

With a cost of living index of 103, Lake Lakengren, OH is somewhat more expensive than average. Living here is 3% more expensive than the national average and 25% above the Ohio state average of 78. Lake Lakengren is a small community of 3,404 residents.

Housing costs are the biggest factor in Lake Lakengren's cost of living. The median monthly rent is $1,833 (39% above the US median of $1,319), and the median home value sits at $181,000 (41% below the national median of $304,900). At current prices, the median home costs roughly 2x the median household income — well within traditional affordability guidelines.

The median household income in Lake Lakengren is $89,295, which is 19% higher than the national median of $75,149. Residents spend roughly 25% 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 Lake Lakengren. The area sees an average annual temperature of 53.8°F, with summers averaging 74°F and winters around 33°F. Annual rainfall totals 41.4 inches spread over roughly 143 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.