Terrace Park, OH vs Long Lake, MN: Cost of Living

Which city costs less?

Long Lake, MN has a modeled overall cost index 19.8% higher than Terrace Park, OH.

Terrace Park, OH · modeled 2BR rent
$2,030 / month
Long Lake, MN · modeled 2BR rent
$2,190 / month

These are saved estimates, not current rental listings. Some cities use adjusted regional data. Your household budget can differ from the overall index. Sources and assumptions

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Cost of Living Comparison 2026

Compare Terrace Park, OH and Long Lake, MN using saved regional data and explicit budgeting assumptions. Rent estimates are not live listings. Change the salary below, then check the source notes before applying a result to your household.

Saved regional estimates · Sources and assumptions

$
Numbers update automatically as you type

Estimated extra cost: $1,405/month in Long Lake, MN

$150,000 in your current city has a modeled equivalent of $166,857 in Long Lake, MN

Regional cost estimates: Terrace Park, OH uses Cincinnati, OH. Long Lake, MN uses Minneapolis, MN. Available city ZIP rent estimates are shown separately.
Overall Cost
↑ 19.8%
More expensive
Monthly Impact
$1,405
Extra cost
Annual Impact
$16.9K
Per year

Assumes 60% of current gross income goes to living costs. The headline uses the category budget below; taxes, moving costs and savings goals are excluded.

Terrace Park, OH

Population:2K
Cost Index:
79.5
100 = national average
Typical Home:$727K

Long Lake, MN

Population:2K
Cost Index:
95.3
100 = national average
Typical Home:$768K

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Terrace Park, OH

The Buckeye State

2K
Population
State Tax
Yes

Located in Ohio, this city has a population of 2K residents.

Long Lake, MN

The North Star State

2K
Population
State Tax
Yes

Located in Minnesota, this city has a population of 2K residents.

Cost Breakdown by Category

Estimated monthly spending: Terrace Park, OH vs Long Lake, MN

Assumes 60% of your current gross income is spent on these categories. The headline and totals use this same budget. Rent estimates below are separate reference data. Rounded amounts may differ by $1.

Housing
↑ 33.3%
Terrace Park, OH
$2,078
Long Lake, MN
$2,770
Difference
$692
more
Healthcare
↑ 33.2%
Terrace Park, OH
$662
Long Lake, MN
$882
Difference
$220
more
Transportation
↑ 12.1%
Terrace Park, OH
$1,350
Long Lake, MN
$1,513
Difference
$163
more
Other
↑ 9.0%
Terrace Park, OH
$1,785
Long Lake, MN
$1,946
Difference
$161
more
Groceries
↑ 11.2%
Terrace Park, OH
$1,080
Long Lake, MN
$1,201
Difference
$121
more
All Utilities
↑ 8.7%
Terrace Park, OH
$546
Long Lake, MN
$593
Difference
$47.58
more

🏠Rent Comparison

Studio
From$1,440
To$1,590
↑ $150
1 Bed
From$1,580
To$1,800
↑ $220
2 Bed
From$2,030
To$2,190
↑ $160
3 Bed
From$2,680
To$2,900
↑ $220
Terrace Park, OHZIP-level data

1BR range: $1,580–$1,580/mo

Long Lake, MNZIP-level data

1BR range: $1,800–$1,800/mo

💡 Note: HUD Fair Market Rents estimate 40th-percentile gross rents, including most tenant-paid utilities. City ZIP summaries are medians of those estimates, not market median rents. Actual prices vary by neighborhood, amenities, and condition. Source: HUD Small Area Fair Market Rents FY2026.

$7,500
Monthly in Terrace Park, OH
$8,905
Monthly in Long Lake, MN
$1,405
Difference

Home Values

Terrace Park
Long Lake
$727K
Median Value
$768K
↑ +4.4%
YoY Change
↑ +3.4%
↑ +38.6%
5-Year Change
↑ +35.6%

Homes in Long Lake are 6% more expensive than Terrace Park

Calculate payment - Terrace ParkCalculate payment - Long Lake

Source: Zillow Home Value Index (ZHVI), January 2026

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings
↓ $6.0K
More taxes
Monthly Difference
$500
Less take-home
Effective Rate Diff
4.0%
Rate difference

Terrace Park, OH

Federal Income Tax
Effective: 18.9%
$25.5K
Ohio State Tax
Effective: 3.0%
$4.4K
FICA Taxes
Social Security + Medicare
$11.5K
Total Taxes
Effective: 27.6%
$41.4K
Take-Home Pay
$9,047/month
$108.6K

Long Lake, MN

Federal Income Tax
Effective: 18.9%
$25.5K
Minnesota State Tax
Effective: 7.0%
$10.4K
FICA Taxes
Social Security + Medicare
$11.5K
Total Taxes
Effective: 31.6%
$47.4K
Take-Home Pay
$8,546/month
$102.6K

Additional Tax Information

Terrace Park, OH Tax Rates

Sales Tax:7.2%
Property Tax:1.6%

Long Lake, MN Tax Rates

Sales Tax:8.0%
Property Tax:1.1%

💡 Note: Tax calculations are estimates based on 2024/2025 tax brackets for single filers with standard deduction. Actual taxes may vary based on filing status, deductions, credits, and local variations.

Environment

Terrace Park
Long Lake
52 Moderate
Air Quality
42 Good
44.8%
Good Air Days
66.4%
96 High
Climate Risk
98 High
🌊🌡🌪
Top Hazards
🌊🌡🌪
▲+3.1°F
2050 Outlook
▲+3.6°F
29 days
Heat Days >95°F
14 days
▲+3.1°F
2050 Outlook
▲+3.6°F
29 days
Heat Days >95°F
14 days

Before moving from Terrace Park, OH to Long Lake, MN

Use this comparison to shortlist a move, then check the costs that depend on your household.

  1. Compare actual homes. Get current quotes in Long Lake, MN for the same bedroom count and included utilities as your home in Terrace Park, OH. Add parking, deposits, insurance and any overlapping leases. The rent estimates above are a starting point, not available listings.
  2. Confirm your income. Check your expected pay with your employer, including any location adjustment. Use “Different salary at destination?” above to compare two incomes. The budget model excludes taxes and one-time moving costs; it is not a take-home-pay calculation.
  3. Price your daily routine. Check the commute from a specific address to work, school or childcare. Add household expenses missing from this model, such as childcare, debt payments and medical needs. Verify local services before signing a lease.
  4. Plan the transition. Get moving quotes and budget for travel, setup costs and time off. Open your Terrace Park to Long Lake moving checklist to organize the tasks and timing.

Still choosing a destination? Explore cities similar to Long Lake, MN by cost, housing, population and region.

Frequently Asked Questions: Terrace Park, OH vs Long Lake, MN

How do the cost estimates for Terrace Park, OH and Long Lake, MN compare?

Long Lake, MN has a modeled overall cost index 19.8% higher than Terrace Park, OH. This is a broad model comparison, not a survey of today's prices or a forecast of your household spending. Some cities use adjusted regional fallback data.

What does the equivalent salary mean?

At a $150,000 salary in Terrace Park, OH, the model estimates $166,857 in Long Lake, MN. It allocates 60% of gross income to the origin city’s category budget and applies each destination category’s relative cost. The equivalent salary adds the total category difference to your income. The monthly difference is the same category difference divided by 12; it is not take-home pay or guaranteed savings. Household size, childcare and your actual lease are not inputs to this calculation.

What rent estimates are available for Terrace Park, OH and Long Lake, MN?

The modeled two-bedroom rents are $2,030/month in Terrace Park, OH and $2,190/month in Long Lake, MN. Where available, the source is a city median of HUD FY2026 ZIP-level estimates; otherwise a saved metro table is used. City adjustments may also apply. These are not asking rents or available listings. Compare actual properties with the same bedroom count and included utilities.

How should I use this comparison before moving?

Use it to shortlist locations, then replace modeled costs with a current housing quote, employer-confirmed income, commute costs, insurance and your household's other expenses. Add one-time moving costs separately. Source years differ and the saved datasets are not a live price feed. Read the methodology for the formulas and fallback rules.

💰 See how taxes change too — compare take-home pay between Ohio and Minnesota on TaxTakeHome.com

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