Quick facts: Wadsworth, OH

Quick Facts

96.4
Cost of Living
below US average
24,521
Population
11.46
Crime Rate per 1000
below US average
$72,325
Median Income
below US average
$412,990
Median House Price
above US average
$1496.88
Average Rent
above US average
7%
Poverty Rate
below US average
4.2%
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 $72,325.

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Income Needed to Buy

βœ— Stretch
$130k/year
Based on $412,990 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $130k vs median $72,325
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Income Needed to Rent

βœ“ Affordable
$64k/year
Based on $1496.88/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($72,325) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Wadsworth, OH

Wadsworth, located in northeastern Ohio, is a small city in Medina County, known for its charming blend of suburban living and rich history. With a population of around 20,000, Wadsworth offers a community-oriented atmosphere, making it ideal for families and individuals alike. The city features various parks, recreational facilities, and an active downtown area with local shops and restaurants. Wadsworth hosts several annual events, including the Wadsworth Blue Tip Festival, celebrating the city's historical ties to the blue tip matches once manufactured there. The educational system in Wadsworth is highly regarded, with multiple public schools serving the area. Geographically, Wadsworth is conveniently located near major highways, providing easy access to nearby cities like Akron and Cleveland. The surrounding landscape features beautiful parks and nature reserves, making it a great spot for outdoor enthusiasts. With its friendly community and abundance of amenities, Wadsworth is an inviting place to call home.

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