Ohio offers affordable living with a low 2.75% flat income tax, no estate or inheritance taxes, and tax-free Social Security income. The cheapest places to live are mostly rural counties with median home prices ranging from about $119,000 to $164,000 and median property tax bills between $1,176 and $1,363. These areas feature outdoor activities, historic sites, and small-town charm, making them ideal for budget-conscious residents seeking a slower pace and natural beauty.