Cost of living
Madeira, Ohio
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Madeira, OH is #75 on the list Top 100 Most Educated Cities in America in 2023, #10 on the list Top 100 Most Affordable U.S. Cities with Outstanding Education in 2023, #28 on the list Top 100 Best Places to Raise a Family in the Midwest in 2023, #4 on the list Top 100 Most Affordable U.S. Cities with Outstanding Education in 2022, #25 on the list Top 100 Most Educated Cities in America in 2022, #15 on the list Top 100 Best Places to Raise a Family in the Midwest in 2022
Cost of living in Madeira, Ohio
Cost of living compared to USAmoderate
Cost of living compared to Ohiothe highest
Median household incomethe highest
Is it expensive to live in Madeira, Ohio? When calculating the cost of living in Madeira, Ohio we factor in state income tax rates, average housing rental prices, average property values, cost of living index, and more.
The cost of living in Madeira, Ohio is moderateAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Ohio, while median household income in Madeira is $134,565 which is the highest Analytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Ohio.
Taxes in Madeira, Ohio
The sales tax rate in Madeira, Ohio is 7.8%. Last year, the average property taxes paid was 1.8% Madeira, Ohio.
Here is the table with the State Income Taxes in the state of Ohio:
State Income Tax Brackets (Single):
| Income Bracket Threshold | Income Bracket Ceiling | Ohio Income Tax Rate |
|---|---|---|
| $0 | $25,000 | 0.0% |
| $25,000 | $44,250 | 2.765% |
| $44,250 | $88,450 | 3.226% |
| $88,450 | $110,650 | 3.688% |
| $110,650 | $9,999,999 | 3.99% |
State Income Tax Brackets (Married):
| Income Bracket Threshold | Income Bracket Ceiling | Ohio Income Tax Rate |
|---|---|---|
| $0 | $25,000 | 0.0% |
| $25,000 | $44,250 | 2.765% |
| $44,250 | $88,450 | 3.226% |
| $88,450 | $110,650 | 3.688% |
| $110,650 | $9,999,999 | 3.99% |
Housing costs in Madeira, Ohio
The average cost of a single-family home compared to USAhigh
The average cost of a single-family home compared to Ohiothe highest
In Madeira, Ohio, 88.0% of the population owns their homes, while approximately 12.0% rent. The average cost of a single-family home in Madeira, Ohio in 2022 is $298,316 which is highAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Ohio. The average one-bedroom apartment cost is approximately $1,008 per month.
| Rental Size | Monthly Cost | Compared to Ohio |
|---|---|---|
| 1 Bedroom | $1,008 | the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest |
| 2 Bedroom | $1,312 | the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest |
| 3 Bedroom | $1,755 | the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest |
| 4 Bedroom | $1,976 | the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest |
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