Cost of Living in Mentor, OH
Population: 47,215 • 2026 Data
$89,202
Median Household Income
+15% vs national
$1,192
Median Monthly Rent
-12% vs national
$229,500
Median Home Value
-32% vs national
3.3%
Unemployment Rate
Housing in Mentor
The median home value in Mentor, OH is $229,500. Monthly rent for a typical unit averages $1,192, while total monthly housing costs (including utilities and insurance) average $1,105.
Rent-to-income ratio: 16.0%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Mentor, OH is $89,202. The unemployment rate stands at 3.3%, with a labor force of 25,686 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.