Cost of Living: Lorain, OH vs Phoenix, AZ
Quick rent-and-take-home comparison
Using a baseline of $70,000/yr gross, take-home is about $4,356/mo in Lorain, OH versus $4,370/mo in Phoenix, AZ. In the model, rent is about 12.22% of gross in Lorain, OH versus 21.24% in Phoenix, AZ, so Lorain, OH tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Lorain, OH and Phoenix, AZ.
At a glance
- Cheaper overall (lower cost-of-living index): Lorain, OH
- Lower rent (median 1BR/2BR): Lorain, OH
- Lower home prices: Lorain, OH
- Higher median household income: Phoenix, AZ
Cost of Living Index
Lorain, OH: 100 (U.S. = 100) · Phoenix, AZ: 102.4 (U.S. = 100)
Lorain, OH has a lower cost-of-living index than Phoenix, AZ, so a given salary generally stretches further there.
Median Rent
Lorain, OH: $797/mo (midpoint of 1BR/2BR) · Phoenix, AZ: $1,385/mo
Median rent in Phoenix, AZ is $588/mo higher than in Lorain, OH.
Median Home Price
Lorain, OH: $123,500 · Phoenix, AZ: $381,900
Median home price in Phoenix, AZ is $258,400 higher than in Lorain, OH.
Median Household Income
Lorain, OH: $45,799 · Phoenix, AZ: $77,041
Phoenix, AZ has a higher median household income than Lorain, OH by $31,242.
Lorain, OH overview · Phoenix, AZ overview · Popular comparisons