Beloit, OH
Population 995 · Ohio
About Beloit, OH
Beloit is a small community located in Ohio with a population of 995 residents according to the latest US Census Bureau American Community Survey data. The median household income is $48,684 per year, which is 35% below the national median of $75,149. The median age of 49.3 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Beloit features a median home value of $98,300, which is 60% below the national median of $244,900. This makes Beloit one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $565, 51% below the national average of $1,163/month. Of the 477 total housing units, 80% are owner-occupied (361 units) and 20% are renter-occupied (89 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Beloit shows an unemployment rate of 0.4%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 7.6%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Beloit have an average one-way commute time of 23.8 minutes.
Education & Demographics
13.9% of Beloit residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 3.3% White, 1.1% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
How Beloit Ranks in Ohio
Cost of Living in Beloit, OH
Compared to national averages, Beloit has a median household income of $48,684 (35% below the national median of $75,149). Home values average $98,300, which is 60% below the national median. Monthly rent at $565 is 51% below the US average of $1,163. Within Ohio, Beloit's income is 32% below the state average of $71,814, and home values are 44% below the state median of $174,449.
Why Live in Beloit, OH?
Beloit offers affordable housing with a median home value of $98,300, below the US average of $244,900, and rent that’s lower than the national average at $565/month, and a strong job market with an unemployment rate of just 0.4%. Additionally, the city features a low poverty rate of 7.6%, better than the national average, and short commute times averaging just 23.8 minutes.
Potential considerations include median household income ($48,684) that falls below the national average. However, Beloit’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Beloit has a population of 995 with a median age of 49.3 years. Compare Beloit with other cities to see how it stacks up, or explore all cities in Ohio.
Similar Cities Near Beloit
Cities in Ohio with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Saybrook-on-the-Lake | 996 | $55,179 | $160,800 | Compare |
| Ostrander | 993 | $144,821 | $438,400 | Compare |
| Killbuck | 999 | $75,625 | $141,800 | Compare |
| Liberty Center | 1,002 | $73,548 | $153,400 | Compare |
| Yorkville | 1,002 | $50,625 | $117,500 | Compare |
| Flushing | 1,004 | $64,250 | $98,800 | Compare |
| Highland Holiday | 1,004 | $48,988 | $66,400 | Compare |
| Grand Rapids | 985 | $73,125 | $159,800 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Ohio
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Beloit With Other Cities
Frequently Asked Questions about Beloit
What is the population of Beloit, OH?
The population of Beloit, OH is 995 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Ohio.
What is the median household income in Beloit?
The median household income in Beloit, OH is $48,684 per year, which is 35% below the national median of $75,149.
What is the median home value in Beloit?
The median home value in Beloit, OH is $98,300, which is 60% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Beloit?
The median monthly rent in Beloit, OH is $565, which is 51% below the national average of $1,163/month.
What is the unemployment rate in Beloit?
The unemployment rate in Beloit, OH is 0.4%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Beloit, OH a good place to live?
Beloit offers a moderate cost of living, affordable housing, and a strong job market. With a population of 995 and a median age of 49.3, the city appeals to established professionals and retirees.
How educated is Beloit, OH?
13.9% of residents in Beloit aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Beloit?
Key cost-of-living indicators for Beloit, OH: median home value is $98,300 (60% below national), median rent is $565/month, and median household income is $48,684. The home-value-to-income ratio is 2.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Beloit?
The poverty rate in Beloit, OH is 7.6%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Beloit, OH?
Beloit's population is 3.3% White, 1.1% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.