Cost of Living in Shaker Heights, OH
Population: 29,004 • 2026 Data
$97,721
Median Household Income
+26% vs national
$1,149
Median Monthly Rent
-15% vs national
$288,000
Median Home Value
-15% vs national
4.8%
Unemployment Rate
Housing in Shaker Heights
The median home value in Shaker Heights, OH is $288,000. Monthly rent for a typical unit averages $1,149, while total monthly housing costs (including utilities and insurance) average $1,460.
Rent-to-income ratio: 14.1%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Shaker Heights, OH is $97,721. The unemployment rate stands at 4.8%, with a labor force of 15,287 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.