Amherst, OH Cost Of Living
Cost Of Living In Amherst, OH Summary
Cost of living in Amherst 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 Amherst 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 Amherst is 93, with 100 being the average.
The cost of living index in Amherst is 0.9x lower than the national average.
Amherst ranks as the #141 cheapest in Ohio out of 289.
Amherst ranks as the #1,658 cheapest out of 6,489 in the US.
The median home value in Amherst is $274,104.
The median income in Amherst is $93,043.
Table Of Contents
Amherst's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Amherst, OH?
According to the most recent data on the cost of living, Amherst has an overall cost of living index of 93, which is 0.9x lower than the national index of 100.
Compared to Ohio, Amherst has a cost of living index that's 1.0x lower than Ohio's index of 93.
The standard of living in Amherst ranks as #141 most affordable out of the 289 places we measured in Ohio. By definition, that implies Amherst ranks as the #148 most expensive place in the Buckeye State.
For more reading on life in Amherst, check out:
In Ohio
In America
Amherst Cost Of Living Vs. Ohio
Six factors go into calculating the cost of living index in Amherst. Here is how it fairs on each of the criteria:
The Services index in Amherst is 94.
The Groceries index in Amherst is 100.
The Health index in Amherst is 96.
The Housing index in Amherst is 88.
The Transportation index in Amherst is 99.
The Utilities index in Amherst is 101.
| Living Expense | Amherst | Ohio | National Average | |
|---|---|---|---|---|
| Overall | 93 | 93 | 100 | |
| Services | 94 | 101 | 100 | |
| Groceries | 100 | 103 | 100 | |
| Health | 96 | 97 | 100 | |
| Housing | 88 | 74 | 100 | |
| Transportation | 99 | 102 | 100 | |
| Utilities | 101 | 100 | 100 | |
Amherst, OH Housing Cost Breakdown
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 2019-2023. The key points are:
The Median Home Value in Amherst is $274,104.
The Median Rent in Amherst is $832.
The Median Income in Amherst is $93,043.
The Home Value To Income in Amherst is 2.9x.
The Rent To Monthly Income in Amherst is 0.11x.
Median Home Value
Median Rent
Median Income
Amherst, OH Costs By Category
Detailed Amherst Services Costs Vs. Ohio
Detailed Amherst Groceries Costs Vs. Ohio
Detailed Amherst Health Costs Vs. Ohio
Detailed Amherst Transportation Costs Vs. Ohio
Detailed Amherst Utilities Costs Vs. Ohio
Amherst SnackAbility
/10
Cost Of Living In Cities Around Amherst
The cost of living varies in the cities and towns around Amherst. Here's a quick look at the cost of living in the most populous nearby places:
Lorain, OH has a cost of living index of 82, 0.9x Amherst.
Elyria, OH has a cost of living index of 88, 0.9x Amherst.
North Ridgeville, OH has a cost of living index of 100, 1.1x Amherst.
| City | Population | Cost Of Living | Vs. Amherst |
|---|---|---|---|
| Lorain, OH | 65,207 | 82 | 0.9x |
| Elyria, OH | 52,833 | 88 | 0.9x |
| North Ridgeville, OH | 36,043 | 100 | 1.1x |
| Westlake, OH | 34,036 | 110 | 1.2x |
| North Olmsted, OH | 32,031 | 96 | 1.0x |
| Avon Lake, OH | 25,456 | 108 | 1.2x |
| Avon, OH | 25,082 | 114 | 1.2x |
| Berea, OH | 18,330 | 94 | 1.0x |
| Fairview Park, OH | 17,049 | 93 | 1.0x |
| Vermilion, OH | 10,451 | 93 | 1.0x |
