Being the third-largest city in Ohio, Cincinnati attracts residents for its vibrant culture, affordable living, and growing opportunities.
If you’re asking questions like:
- How much does it cost to live in Cincinnati?
- Can I afford to move there on my current salary?
- What are the housing options like in Cincinnati?
Let’s break down everything you need to know about the cost of living in Cincinnati.
Everyday Expenses in Cincinnati
Here’s a quick look at the average prices for commonly bought items in Cincinnati:
- Milk (1 liter): $0.86
- Eggs (12 large): $5.08
- Loaf of bread (500g): $2.88
- Potatoes (1 kg): $2.37
- Beer (0.5L bottle): $2.59
- Steak (1 lb): $9.24
- McDonald’s burger: $8.00
- Large pizza: $12.25
- Movie ticket: $12.25
- Gallon of gas: $3.56
- Monthly utilities (electricity, heating, cooling, etc.): $122.82
- Cell phone bill (monthly): $41.67
These prices are lower than in many major U.S. cities, making Cincinnati an affordable place to call home.
Housing in Cincinnati
Homeownership
- Average cost of a home: $280,000
- Cost per square foot: $104
- Average time on the market: 6 days
- Down payment: Most buyers pay 16% or more.
Cincinnati’s housing market is moderately competitive. About 38% of residents own their homes, while most choose to rent.
Renting
- Average monthly rent: $1,226
- One-bedroom apartment: $1,073/month
- Two-bedroom apartment: $1,341/month
- Central Business District: $1,618/month
- Affordable neighborhoods (like CUF): $821/month
Rental prices vary depending on location, but overall, Cincinnati remains an affordable city for renters.
Taxes in Cincinnati
Income Tax
Ohio’s state income tax ranges from 2.85% to 4.8%, which is relatively low compared to other states.
Sales Tax
The total sales tax in Cincinnati is 7%, broken down as:
- Ohio State tax: 5.75%
- Hamilton County tax: 1.25%
- Cincinnati city tax: 0%
Property Tax
Property taxes are higher in Cincinnati compared to the state average.
- Hamilton County property tax rate: 1.806%
- For a $250,000 home: Expect to pay around $4,515/year.
- Ohio average property tax: $3,930/year.
What Makes Cincinnati Affordable?
Compared to other major cities, Cincinnati has a relatively low cost of living. Everyday expenses like groceries, gas, and utilities are budget-friendly. Housing—whether renting or buying—is more affordable here than in many other cities in Ohio and across the U.S.
Should You Move to Cincinnati?
If you’re looking to live in Cincinnati, it might be the right choice. Its growing rental market, reasonable taxes, and cost-friendly lifestyle make it ideal for families, professionals, and students.
Before moving, calculate your budget and explore housing options to see what works best for you.
