Quick facts: Mansfield, OH

Quick Facts

96.4
Cost of Living
below US average
47,865
Population
36.73
Crime Rate per 1000
above US average
$40,996
Median Income
below US average
$179,900
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 $40,996.

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Income Needed to Buy

βœ— Stretch
$56k/year
Based on $179,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $56k vs median $40,996
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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 $40,996
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Mansfield, OH

Mansfield, Ohio, is a mid-sized city located in Richland County in north-central Ohio. With a population of around 46,000, Mansfield is known for its rich history, manufacturing heritage, and beautiful parks. The city features a range of attractions, including the historic Ohio State Reformatory, which gained fame as a filming location for movies like "The Shawshank Redemption." Mansfield boasts a vibrant downtown area, complete with shops, restaurants, and cultural venues. The area's economy is diverse, with healthcare, education, and manufacturing sectors playing key roles. Outdoor enthusiasts can enjoy the nearby Malabar Farm State Park, a popular spot for hiking and picnicking, as well as the rich agricultural landscape surrounding the city. Mansfield is also home to several annual events and festivals, contributing to its community spirit. With its blend of urban amenities and natural beauty, Mansfield offers a unique Midwestern experience, making it an attractive place to live, work, and visit.

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