Retirement in Ohio

Overview

 

Ohio is rich with history. For example, the Wright brothers founded our current aviation industry from their workshop in Dayton. Ohio's most significant contribution to our nation's history likely was the Underground Railroad .

 

Ohio also is known for its musical performances and theaters along with numerous museums and art galleries.

You can enjoy your stay in the big cities like Columbus, Dayton, Cleveland, and Cincinnati in Ohio, or, if you are looking for a small town retirement lifestyle, you can consider living in places like Wooster and Oberlin. Nature lovers and adventure seekers can go biking, rock climbing, hunting and golfing. Places like Akron and Toledo are noted for their tranquility and calm. With an affordable cost of living, quiet residential neighborhoods, picturesque scenery, and low crime rate, you might want to consider buying a retirement home in Ohio.

 

Ohio - at a Glance

 

 

Population Climate State Income Tax State Sales Tax Median Home Price
11, 353, 140 Humid Continental Climate 0.68% to 6.87% 5.5 % $303,182.00

 

Pros:Heartland values, low cost housing, and moderate precipitation throughout the year.

Cons:Hot humid summers, cold winters. The Lake Erie region is affected with severe lake effect snowstorms.

 

Cost of Living in Ohio

 

 

The above table shows the cost of living in Ohio by category of expense as a percentage as compared to national averages, which are normalized to100%.

Housing is very affordable in Ohio, making Ohio an attractive state for retirement living. For example, if you are looking for a retirement location in Ohio, you can choose to stay in Columbus, which offers plenty of garden spaces, conservatories, local cultural events, and parks to residents. If you choose to live in a retirement home in Columbus, the approximate prices you can expect to pay for various goods and services* would be:

Phone- $27.36

Dozen eggs - $1.27

Apt. rent - $778.00

Half gallon milk- $1.79

Bananas - $0.46

Bread - $1.19

Haircut - $12.81

* As of October 2007