Quick facts: Canton, OH

Quick Facts

96.4
Cost of Living
below US average
69,671
Population
67.66
Crime Rate per 1000
above US average
$37,627
Median Income
below US average
$52,500
Median House Price
above US average
$558.0
Average Rent
below US average
Poverty rate Data is updating, will be available soon
6.2%
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 $37,627.

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Income Needed to Buy

βœ“ Affordable
$16k/year
Based on $52,500 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($37,627) exceeds requirement
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Income Needed to Rent

βœ“ Affordable
$24k/year
Based on $558.0/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($37,627) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Canton, OH

Canton, Ohio, located in Stark County, is a city with a rich history and a vibrant community. It is famously known as the birthplace of the Pro Football Hall of Fame, which pays tribute to the sport's legends and attracts visitors from across the country. The city's historical significance is highlighted by its connection to the Ohio and Erie Canal and its role in the manufacturing industry during the 19th and early 20th centuries. Canton boasts a diverse economy with industries ranging from manufacturing to healthcare. The city is home to several educational institutions, including Walsh University and Malone University, enhancing the area’s educational opportunities. Residents enjoy a variety of parks, recreational facilities, and cultural attractions, such as the Canton Museum of Art and various music and theater events throughout the year. The city's location provides easy access to major highways, making it a convenient spot for both residents and businesses. With a community-oriented atmosphere and an array of amenities, Canton offers a welcoming place to live and work in northeast Ohio.

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