Cost of living in Ada research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Ada is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Ohio, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Ada is 84, with 100 being the average.
The cost of living index in Ada is 0.8x lower than the national average.
Ada ranks as the #40 cheapest in Ohio out of 286.
Ada ranks as the #629 cheapest out of 6,412 in the US.
The median home value in Ada is $125,700.
The median income in Ada is $51,507.
According to the most recent data on the cost of living, Ada has an overall cost of living index of 84, which is 0.8x lower than the national index of 100.
Compared to Ohio, Ada has a cost of living index that's 0.9x lower than Ohio's index of 91.
The standard of living in Ada ranks as #40 most affordable out of the 286 places we measured in Ohio. By definition, that implies Ada ranks as the #246 most expensive place in the Buckeye State.
For more reading on life in Ada, check out:
Six factors go into calculating the cost of living index in Ada. Here is how it fairs on each of the criteria:
The Services index in Ada is 97.
The Groceries index in Ada is 95.
The Health index in Ada is 115.
The Housing index in Ada is 56.
The Transportation index in Ada is 106.
The Utilities index in Ada is 89.
|Living Expense||Ada||Ohio||National Average|
Housing swings affordability the most between places in Ohio, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Ada is $125,700.
The Median Rent in Ada is $748.
The Median Income in Ada is $51,507.
The Home Value To Income in Ada is 2.4x.
The Rent To Monthly Income in Ada is 0.17x.
|Median Home Value||$125,700||$159,900||$244,900|
|Home Value To Income||2.4x||2.6x||3.5x|
|Rent To Monthly Income||0.17x||0.17x||0.2x|
The cost of living varies in the cities and towns around Ada. Here's a quick look at the cost of living in the most populous nearby places:
Findlay, OH has a cost of living index of 87, 1.0x Ada.
Bowling Green, OH has a cost of living index of 93, 1.1x Ada.
Marysville, OH has a cost of living index of 94, 1.1x Ada.