Quick facts: Dayton, OH

Quick Facts

96.4
Cost of Living
below US average
135,944
Population
55.02
Crime Rate per 1000
above US average
$41,443
Median Income
below US average
$108,950
Median House Price
above US average
$1363
Average Rent
below US average
18%
Poverty Rate
above US average
6.8%
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 $41,443.

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Income Needed to Buy

βœ“ Affordable
$34k/year
Based on $108,950 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($41,443) exceeds requirement
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Income Needed to Rent

⚠ Stretch
$58k/year
Based on $1363/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $58k vs median $41,443
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Dayton, OH

Dayton, Ohio, is a vibrant city located in the southwestern part of the state. Known for its rich history in aviation, Dayton was the home of the Wright brothers and has several related attractions, including the National Museum of the U.S. Air Force, which showcases the history of military aviation. The city has a diverse cultural scene, highlighted by the Dayton Art Institute and the Oregon District, which is filled with unique shops, restaurants, and nightlife options. Dayton boasts a variety of parks and outdoor spaces, including the Five Rivers MetroParks system, which offers opportunities for hiking, biking, and enjoying nature. The city also has a strong educational presence, with institutions like the University of Dayton and Wright State University. Economically, Dayton has transitioned from its historical manufacturing base to a focus on technology and healthcare, contributing to its diverse job market. With a friendly community atmosphere, affordable living, and a mix of urban and suburban life, Dayton presents a unique blend of history, culture, and opportunity for residents and visitors alike.

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