Quick facts: Marion, OH

Quick Facts

96.4
Cost of Living
below US average
35,327
Population
20.27
Crime Rate per 1000
below US average
$44,879
Median Income
below US average
$165,000
Median House Price
above US average
$1238.75
Average Rent
below US average
16%
Poverty Rate
above US average
6.0%
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 $44,879.

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Income Needed to Buy

βœ— Stretch
$52k/year
Based on $165,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $52k vs median $44,879
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Income Needed to Rent

⚠ Stretch
$53k/year
Based on $1238.75/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $53k vs median $44,879
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Marion, OH

Marion, Ohio, located in Marion County, is a city with a rich history and a vibrant community. As the county seat, it serves as a central hub for the region. Marion is known for its historical significance, particularly as the childhood home of U.S. President Warren G. Harding. The city features several landmarks including the Harding Home and Tomb, which attract history buffs and visitors alike. Economically, Marion has transitioned over the years from a strong manufacturing base to a more diverse economy that includes healthcare, retail, and education. The city is home to several parks and recreational areas, providing residents with ample opportunities for outdoor activities. Community events, such as the Marion Popcorn Festival, celebrate the local culture and bring together residents and visitors. The city's educational institutions, including Marion Technical College, contribute to the local workforce and economy. With a blend of historical charm and modern amenities, Marion offers a welcoming atmosphere for both residents and visitors. Its central location in Ohio makes it easily accessible for those exploring the region.

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