What Is The Cost Of Living In Ohio?
May 24, 2023The cost of living in Ohio depends on various factors. It includes population, demands, supply, and employment. In general, the cost of living in dense, urban meteor areas is more expensive than living in more rural areas. Ohio is home to 11 metropolitan areas. So, the cost of living in Ohio USA is not the same for all areas. Ohio is a state in the United States, historically known as the “Buckeye State”, it is famous for Cderal Point, the Rock and Roll Hall of Fame, and the Pro Football Hall of Fame. Let’s take a look at the cost of living in Ohio.
What Is The Cost Of Living In Ohio?
The cost of living in Ohio is 82.7 compared with the national average cost of living in the United States. So, the average cost of living in Ohio is much less than the national average. Compared with all other states in the United States, Ohio has the 8th lowest overall cost of living. Refer to the table given below to know the exact values of expenses in Ohio as compared with the national average of 100.
| Cost Of Living For | Ohio | USA |
|---|---|---|
| Housing | 61.6 | 100 |
| Grocery | 96.1 | 100 |
| Transportation | 83.9 | 100 |
| Utilities | 100 | 100 |
| Health | 88.7 | 100 |
| Miscellaneous | 89.3 | 100 |
| Median Home Cost | $179,700 | $291,700 |
| Overall | 82.7 | 100 |
Home Rent
The cost of housing greatly contributes to the average cost of living in Ohio per month. In Ohio, an average home is worth $140,000, which is $64,900 less than the national median home value of $204,900. Across the state, the median price of a home built in 1939 or earlier is $95,000, and it for a home built in 2014 or later is $295,600. So, here we have tabulated the cost of housing in different cities in Ohio, including the cost of living in Columbus Ohio as well as the cost of living in Cleveland Ohio.
| City | Approx 1 Bedroom Rent | Approx 2 Bedroom Rent |
|---|---|---|
| Columbus | $900 | $1100 |
| Cleveland | $995 | $1,190 |
| Cincinnati | $1,225 | $1,790 |
| Dayton | $725 | $1,000 |
| Toledo | $970 | $1,155 |
Food Cost
The cost of living in Cincinnati Ohio is more because it is a metropolitan area with expensive food costs. You can’t just ignore the cost of food while considering the cost of living in Ohio per year. In the state, a single adult needs $2,985 for food annually, and a family of four needs $8,621 annually for food. Here is a table showing you the approx cost of dinner for 2 in different regions of the state, including the cost of living in Dayton Ohio.
| City | Approx Dinner Cost For 2 |
|---|---|
| Columbus | $89 |
| Cleveland | $80 |
| Cincinnati | $56 |
| Dayton | $75 |
| Toledo | $50 |
Travel Cost
When you compare the cost of living in Ohio vs California, here Ohio is less expensive than California in all terms. Well, the cost of transportation in Dayton is 12,8% below the national average, in Columbus, it is 10.3 below than national average, in Cleveland it is 7.5% below the national average, and in Lima, it is 2.2% below the national average. In the state, the two most walkable cities are Cleveland and Columbus.
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Other Expenses
Let’s know about other expenses also, which include healthcare, internet, fitness, taxes, utility, etc.
Health Care
When you compare the cost of living in Ohio vs Texas, you will find Ohio more affordable than Texas. In Ohio, the cost of healthcare ranges between $112 and $127. Lima has the most expensive at $126, but Dayton has the most affordable at $112.
Utility Bills
The monthly cost of living in Columbus, Ohio depends on the cost of utility. In Ohio, the total energy bills stick close together, on average, just like overall prices. Expect to pay between $145 and $175 per month on your energy bill, but do not forget you will also have those water and internet bills to pay too.
Internet Bills
The cost of high-speed internet in Ohio is $49.99 per month for 12 months and its speed will be between 1 and 1000 Mbps.
Fitness
The cost of fitness in Columbus is $54 for a monthly membership of a gym for a single person. This category does not have fixed rates.
Entertainment
Ohio is a thrilling tourist destination with lots of things to do and places to visit across the state. The cost of entertainment in Ohio depends upon which area you are present.
Taxes
In Ohio, the average adult working pays $4,829 annually in taxes, which is below the national average of $6,542.
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FAQ
Why Do People Want To Live In Ohio?
Ohio has the benefits of a big state with a hometown feel. Even as the 7th most populous state in the country, backyards are bigger, shopping is close by and there’s plenty of cultural and natural wonders to explore. Add in all the impeccable food, arts, sports, and entertainment, and we’ve got a winning formula.
What Is The #1 Best State To Live In?
The personal finance website has come up with a ranked list of the top 20 best states to live in for 2022. Here are the results! The top state is Massachusetts, which ranked first in the nation for education and health, fourth for safety, sixth for quality of life, and 10th for its economy.
How Much Does Walmart Pay In Ohio?
How much does Walmart in Ohio pay? Average Walmart hourly pay ranges from approximately $10.25 per hour for Vehicle Technician to $30.57 per hour for Service Technician III. The average Walmart salary ranges from approximately $18,000 per year for Sales to $95,886 per year for Project Lead.
How Many Hours Is Full Time In Ohio?
A full time employee is defined as an individual employed on a forty hour per week, nine-, ten-, eleven-, or twelve-month basis per fiscal year; or an individual employed an average of not less than thirty hours per week on a twelve month contract shall be considered a full time employee.
Is Rent High In Ohio?
According to the Fair Market Rent, Ohio has the 45th highest rent in the country, with the average 2-bedroom apartment costing $738 a month. This makes Ohio a very affordable place to live for renters. In short – The state of Ohio does not provide a limit to rent increases.
What Is Ohio Best Known For?
Ohio: The Buckeye State, Birthplace of Aviation, and Heart of it All. Ohio is known for Cedar Point, Rock and Roll Hall of Fame, and Pro Football Hall of Fame. For a day in nature, visit Hocking Hills. Ohio’s inventions are the phonograph, gas-powered automobile, golf balls, and Superman.
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Conclusion
After reading this article, you come across the cost of living in Ohio by city like Columbus, Toledo, Dayton, etc. when you visit Ohio, then explore the attractions that tell a bit of the state’s history natural beauty, notable figures from Ohio, and come of the most unique museums in the United States. It is one of the most affordable places to live and to travel in the United States. Now, you know the cost of living in Ohio, you can make a plan to visit it.
