Terrace Park is a small town of 2,150 in Ohio, with a median household income of $198,000
and a 1.2% unemployment rate.
Its cost of living index is 94 (US average = 100), which is
6% below the national average.
Strengths:
Terrace Park stands out for an affordable cost of living, solid school ratings (A), a well-educated population.
Trade-offs:
Potential downsides include high home prices. Whether Terrace Park is right for you depends on your priorities — the full breakdown is below.
All Terrace Park city data on this page comes from official government sources —
the US Census Bureau, FBI, NCES, BEA, and NOAA — updated annually.
Cost of Living
Index: 94.1
Terrace Park's overall cost of living index is 94.1,
where 100 represents the US national average.
Living in Terrace Park costs roughly 6% less than the average American city.
Metric
Terrace Park, OH
National Avg
Median Home Value
$582,100
$244,900
Median Monthly Rent
$1,750
$1,163
Homeownership Rate
97.7%
65.9%
Median Household Income
$198,000
$74,755
Crime & Safety
Near National Average
Terrace Park's violent crime rate is 413.5 per 100,000 residents
— 9% higher than the national average of ~380 per 100,000.
Violent Crime
413.5 /100k
Property Crime
2160.3 /100k
Vertical marker = national average. Source: FBI UCR Program.
Schools & Education
Terrace Park is served primarily by Mariemont City.
The student-to-teacher ratio is 14.5:1
(better than the national average of ~16:1).
Metric
Terrace Park, OH
National Avg
School District
Mariemont City
—
Elementary Schools
2
—
Middle Schools
1
—
High Schools
1
—
Student/Teacher Ratio
14.5:1
16:1
Bachelor's Degree or Higher
85.9%
35.4%
High School Diploma or Higher
99.7%
91.1%
Weather & Climate
Terrace Park sees average highs of 39.3°F in January
and 86.8°F in July,
with 45.5 inches of annual precipitation
and 14.4 inches of snow per year.
Terrace Park's cost of living index is 94, where 100 is the national average.
That makes Terrace Park roughly 6% less expensive than a typical US city — a meaningful affordability advantage.
The median home price is $582,100 and median rent is $1,750/month.
Terrace Park's violent crime rate is 413.5 per 100,000 residents — the national average is ~380 per 100,000. Property crime is 2160.3 per 100,000 (national avg ~2,100). Data from the FBI Uniform Crime Reporting Program.
Public schools in Terrace Park are operated by Mariemont City.
The district has 2 elementary, 1 middle, and 1 high schools.
The student-to-teacher ratio is 14.5:1. 85.9% of adults 25+ hold a bachelor's degree or higher.
Terrace Park, OH has a population of 2,150, a median household income of $198,000, and an unemployment rate of 1.2%.
It offers below-average costs of living, which stretches take-home pay further than in most American cities. Whether it's right for you depends on your priorities — use the compare tool above to stack it against another city you're considering.
Terrace Park averages 39.3°F in January and 86.8°F in July. Annual rainfall is 45.5 inches
with about 14.4 inches of snow per year.
Based on NOAA 30-year climate normals (1991–2020).
Terrace Park, OH is covered by 1 ZIP code: 45174.
The population of Terrace Park, Ohio is 2,150 with a median age of 36.7. Source: US Census ACS 5-Year Estimates.
Key numbers for living in Terrace Park: cost of living index 94 (100 = US average), median home $582,100, median household income $198,000, crime index 106 (100 = US average, lower is safer), schools rated A. Whether these are benefits or drawbacks depends on where you're coming from — compare Terrace Park side by side with your current city to see the trade-offs.
