Cost of Living in Genoa, OH
Housing
The housing market plays a significant role in determining the cost of living in Genoa, OH.
- Housing Index: 110.0 / 100
- Median Home Price is: $178,000
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1225 per month
In Genoa, OH, the housing market shows a slight elevation with a housing index of 110.0. With a median home price of 178000, buying a home might require consideration of localized mortgage rates and property taxes. Renters can expect to pay an average of 1200 for a 2-bedroom apartment or 1225 for a house, suggesting a competitive rental market as well. To make an informed decision, assess your financial flexibility against current economic trends and explore the long-term appreciation potential of properties in this area.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Genoa, OH.
- Electricity Price: $15.92 USD (median by state)
- Natural Gas Price: Data is updating (median by state)
- Other Utilities (water, garbage, etc.): $250 per month
Living in Genoa, OH could entail higher utility costs. Electricity costs sit at $15.92, while natural gas is priced at data unavailable per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $250 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Genoa is a financially viable option for your relocation.