Living in Peninsula, Ohio
Cost of living, income, home prices, rent and demographics of Peninsula · Census data 2020–2024
Peninsula has 576 residents with a median age of 54. The median household income is $117,708 (65% higher than the Ohio median), the median home value is $432,700, the median rent is $1,750/month.
Peninsula is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Peninsula at a glance
- Population
- 576
- Median age
- 54State: 39.7
- Median household income
- $117,708State: $71,389
- Median home value
- $432,700State: $214,800
- Median rent
- $1,750/moState: $1,034
- Homeowners
- 84.8%
- Bachelor's degree or higher
- 56%
- Average commute
- 22 min
Is Peninsula a good place to live?
Pros: Median household income 65% higher than the Ohio median; an average commute of 22 minutes; a poverty rate of 4.7%.
Cons: Home values 101% higher than the state median; unemployment of 5%.
The weather is best in May–June and August–September.
Cost of living in Peninsula
Housing is the biggest part of the cost of living. In Peninsula the median home value is $432,700, 30% higher than the U.S. median. Renters pay a median of $1,750 per month, which is 18.5% of household income. Homeowners with a mortgage pay $2,144 a month in housing costs.
Peninsula median household income
The median household income in Peninsula is $117,708 and the income per person is $76,201. 4.7% of residents live below the poverty line (Ohio: 13.3%).
Housing in Peninsula: homes for sale and rent
- Housing units
- 295
- Owner-occupied
- 84.8%
- Renter-occupied
- 15.2%
- Vacant
- 8.8%Includes seasonal homes
- Median year built
- 1957
- Average household size
- 2.14
Peninsula demographics
- Population
- 576
- Median age
- 54
- Under 18
- 11.8%
- 65 and older
- 29.5%
- Households
- 269
- Foreign-born
- 2.3%
- Veterans
- 9.3%Adults 18+
Hispanic or Latino can be of any race. Population history of Peninsula ›
Education in Peninsula
56% of adults 25 and older in Peninsula have a bachelor's degree or higher (Ohio: 31.5%), and 24.7% have a graduate or professional degree.
Jobs and commute in Peninsula
- Unemployment rate
- 5%State: 4.8%
- Average commute
- 22 minState: 23 min
- Work from home
- 26.5%
- Drive alone
- 66%
- Public transit
- 0%
- Walk to work
- 4.9%
- Homes with broadband
- 97.4%
Peninsula vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Peninsula | 576 | $117,708 | $432,700 | $1,750 |
| Boston Heights | 1,381 | $121,250 | $431,800 | $1,150 |
| Cuyahoga Falls | 50,909 | $72,705 | $183,300 | $1,038 |
| Richfield | 3,721 | $82,560 | $333,900 | $1,210 |
| Hudson | 23,039 | $171,427 | $466,500 | $2,344 |
| Brecksville | 13,692 | $135,000 | $371,900 | $1,588 |
| Macedonia | 12,152 | $101,285 | $308,500 | $2,190 |
| Montrose-Ghent | 5,903 | $180,250 | $545,500 | $2,679 |
| Stow | 34,240 | $93,727 | $248,000 | $1,212 |
More for people moving to Peninsula
Peninsula ZIP code ›Weather and climate ›Living in Peninsula: FAQ
What is the median household income in Peninsula, OH?
The median household income in Peninsula is $117,708, 65% higher 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 Peninsula?
The median home value in Peninsula is $432,700, compared with $214,800 in Ohio.
How much is rent in Peninsula?
The median gross rent in Peninsula is $1,750 per month, about 18.5% of household income.
Is Peninsula, OH a good place to live?
Pluses: median household income 65% higher than the Ohio median; an average commute of 22 minutes; a poverty rate of 4.7%. Minuses: home values 101% higher than the state median; unemployment of 5%.
What is the median age in Peninsula?
The median age in Peninsula is 54 years (Ohio: 39.7).
How long is the commute in Peninsula?
The average commute to work in Peninsula is 22 minutes; 26.5% of workers work from home.
What is the unemployment rate in Peninsula?
The unemployment rate in Peninsula is 5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Peninsula?
56% of adults in Peninsula 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: