Cost of Living in Piketon, OH

With a cost of living index of 65, Piketon, OH is one of the most affordable cities in the country. Living here is 35% cheaper than the national average and 13% below the Ohio state average of 78. Piketon is a small community of 2,603 residents.

Housing costs are the biggest factor in Piketon's cost of living. The median monthly rent is $739 (44% below the US median of $1,319), and the median home value sits at $122,400 (60% below the national median of $304,900). At current prices, the median home costs roughly 2.9x the median household income — well within traditional affordability guidelines.

The median household income in Piketon is $41,923, which is 44% 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. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

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.