Quick facts: Columbus, OH

Quick Facts

96.4
Cost of Living
below US average
907,971
Population
39.31
Crime Rate per 1000
above US average
$62,994
Median Income
below US average
$389,499
Median House Price
above US average
$1770.5
Average Rent
above US average
14%
Poverty Rate
above US average
5.0%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $62,994.

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Income Needed to Buy

βœ— Stretch
$122k/year
Based on $389,499 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $122k vs median $62,994
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Income Needed to Rent

⚠ Stretch
$76k/year
Based on $1770.5/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $76k vs median $62,994
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Columbus, OH

Columbus, Ohio, is the state's capital and the largest city, known for its vibrant culture, diverse population, and dynamic economy. With a population of over 900,000, it is a hub for education, technology, and business. The city is home to The Ohio State University, one of the largest universities in the U.S., which significantly contributes to the local economy and culture. Columbus boasts a thriving arts scene, with venues like the Columbus Museum of Art and the historic Palace Theatre. The Short North Arts District is famous for its art galleries, boutiques, and nightlife. The city also offers numerous parks, such as Franklin Park Conservatory and Botanical Gardens, providing green spaces for recreation and relaxation. In terms of economy, Columbus has a robust job market, hosting major employers in sectors like education, health care, retail, and technology. The city's affordability and quality of life make it an attractive place for families and young professionals. Additionally, Columbus is recognized for its commitment to innovation, including startup support and urban development initiatives, positioning it as a forward-thinking city in the Midwest.

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