Living in Beloit, Ohio
Cost of living, income, home prices, rent and demographics of Beloit · Census data 2020–2024
Beloit has 948 residents with a median age of 49.7. The median household income is $54,583 (24% lower than the Ohio median), the median home value is $100,400, the median rent is $638/month.
Beloit is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Beloit at a glance
- Population
- 948
- Median age
- 49.7State: 39.7
- Median household income
- $54,583State: $71,389
- Median home value
- $100,400State: $214,800
- Median rent
- $638/moState: $1,034
- Homeowners
- 75.8%
- Bachelor's degree or higher
- 10.3%
- Average commute
- 23 min
Is Beloit a good place to live?
Pros: Home values 53% lower than the state median; an average commute of 23 minutes; unemployment of 0.4%; a poverty rate of 9.4%.
Cons: Median household income 24% lower than the Ohio median.
The weather is best in June to September.
Cost of living in Beloit
Housing is the biggest part of the cost of living. In Beloit the median home value is $100,400, 70% lower than the U.S. median. Renters pay a median of $638 per month, which is 22% of household income. Homeowners with a mortgage pay $1,121 a month in housing costs.
Beloit median household income
The median household income in Beloit is $54,583 and the income per person is $31,826. 9.4% of residents live below the poverty line (Ohio: 13.3%).
Housing in Beloit: homes for sale and rent
- Housing units
- 459
- Owner-occupied
- 75.8%
- Renter-occupied
- 24.2%
- Vacant
- 4.6%Includes seasonal homes
- Median year built
- 1946
- Average household size
- 2.16
Beloit demographics
- Population
- 948
- Median age
- 49.7
- Under 18
- 13%
- 65 and older
- 28.1%
- Households
- 438
- Foreign-born
- 0%
- Veterans
- 6.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Beloit ›
Education in Beloit
10.3% of adults 25 and older in Beloit have a bachelor's degree or higher (Ohio: 31.5%), and 1.3% have a graduate or professional degree.
Jobs and commute in Beloit
- Unemployment rate
- 0.4%State: 4.8%
- Average commute
- 23 minState: 23 min
- Work from home
- 2.3%
- Drive alone
- 91.7%
- Public transit
- 0%
- Walk to work
- 1.1%
- Homes with broadband
- 76.9%
Beloit vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Beloit | 948 | $54,583 | $100,400 | $638 |
| Sebring | 4,146 | $49,541 | $90,300 | $1,233 |
| Maple Ridge | 433 | $59,219 | $153,200 | — |
| East Alliance | 260 | $85,655 | $97,300 | — |
| Alliance | 21,478 | $56,106 | $125,400 | $836 |
| Homeworth | 423 | $72,230 | $114,900 | $828 |
| Salem | 11,758 | $47,073 | $119,400 | $763 |
| Limaville | 110 | $83,603 | $114,900 | — |
| Guilford Lake | 1,307 | $92,768 | $215,500 | — |
More for people moving to Beloit
Beloit ZIP code ›Weather and climate ›Living in Beloit: FAQ
What is the median household income in Beloit, OH?
The median household income in Beloit is $54,583, 24% lower than the Ohio median of $71,389 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Beloit?
The median home value in Beloit is $100,400, compared with $214,800 in Ohio.
How much is rent in Beloit?
The median gross rent in Beloit is $638 per month, about 22% of household income.
Is Beloit, OH a good place to live?
Pluses: home values 53% lower than the state median; an average commute of 23 minutes; unemployment of 0.4%; a poverty rate of 9.4%. Minuses: median household income 24% lower than the Ohio median.
What is the median age in Beloit?
The median age in Beloit is 49.7 years (Ohio: 39.7).
How long is the commute in Beloit?
The average commute to work in Beloit is 23 minutes; 2.3% of workers work from home.
What is the unemployment rate in Beloit?
The unemployment rate in Beloit is 0.4% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Beloit?
10.3% of adults in Beloit have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
Last updated: