Quick facts: Cincinnati, OH

Quick Facts

95.2
Cost of Living
below US average
309,513
Population
45.67
Crime Rate per 1000
above US average
$49,191
Median Income
below US average
$524,900
Median House Price
above US average
$2247.5
Average Rent
above US average
17%
Poverty Rate
above US average
5.8%
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 $49,191.

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Income Needed to Buy

βœ— Stretch
$165k/year
Based on $524,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $165k vs median $49,191
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Income Needed to Rent

⚠ Stretch
$96k/year
Based on $2247.5/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $96k vs median $49,191
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Cincinnati, OH

Cincinnati, Ohio, is a vibrant city located in the southwestern corner of the state, along the Ohio River. Known for its rich history, diverse culture, and unique topography, Cincinnati offers a blend of urban and outdoor experiences. The city is famous for its historic architecture, including the iconic Roebling Suspension Bridge and the striking Cincinnati Music Hall. Cincinnati is home to several renowned cultural institutions, such as the Cincinnati Art Museum, the Cincinnati Symphony Orchestra, and the Cincinnati Zoo, one of the oldest zoos in the United States. Sports enthusiasts can enjoy major league games with the Cincinnati Reds (MLB) and the Cincinnati Bengals (NFL). The city boasts a variety of neighborhoods, each with its own charm, from the trendy Over-the-Rhine district with its breweries and boutiques, to the picturesque Mount Adams, which offers stunning views of the skyline. Cincinnati's culinary scene is also noteworthy, famous for its distinctive chili and vibrant food culture. With a strong economy, quality education institutions, and numerous parks, Cincinnati provides a welcoming environment for residents and visitors alike. Whether exploring its cultural landmarks or enjoying outdoor activities, Cincinnati offers something for everyone.

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