Cost of living in Avon Lake 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 Avon Lake 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 Avon Lake is 108, with 100 being the average.
The cost of living index in Avon Lake is 1.1x higher than the national average.
Avon Lake ranks as the #256 cheapest in Ohio out of 289.
Avon Lake ranks as the #3,467 cheapest out of 6,489 in the US.
The median home value in Avon Lake is $418,461.
The median income in Avon Lake is $110,174.
According to the most recent data on the cost of living, Avon Lake has an overall cost of living index of 108, which is 1.1x higher than the national index of 100.
Compared to Ohio, Avon Lake has a cost of living index that's 1.2x higher than Ohio's index of 93.
The standard of living in Avon Lake ranks as #256 most affordable out of the 289 places we measured in Ohio. By definition, that implies Avon Lake ranks as the #33 most expensive place in the Buckeye State.
For more reading on life in Avon Lake, check out:
Six factors go into calculating the cost of living index in Avon Lake. Here is how it fairs on each of the criteria:
The Services index in Avon Lake is 92.
The Groceries index in Avon Lake is 102.
The Health index in Avon Lake is 96.
The Housing index in Avon Lake is 136.
The Transportation index in Avon Lake is 100.
The Utilities index in Avon Lake is 104.
| Living Expense | Avon Lake | Ohio | National Average | |
|---|---|---|---|---|
| Overall | 108 | 93 | 100 | |
| Services | 92 | 101 | 100 | |
| Groceries | 102 | 103 | 100 | |
| Health | 96 | 97 | 100 | |
| Housing | 136 | 74 | 100 | |
| Transportation | 100 | 102 | 100 | |
| Utilities | 104 | 100 | 100 | |
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 Avon Lake is $418,461.
The Median Rent in Avon Lake is $1,500.
The Median Income in Avon Lake is $110,174.
The Home Value To Income in Avon Lake is 3.8x.
The Rent To Monthly Income in Avon Lake is 0.16x.
The cost of living varies in the cities and towns around Avon Lake. 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, 0.8x Avon Lake.
Lakewood, OH has a cost of living index of 94, 0.9x Avon Lake.
Strongsville, OH has a cost of living index of 100, 0.9x Avon Lake.
| City | Population | Cost Of Living | Vs. Avon Lake |
|---|---|---|---|
| Lorain, OH | 65,207 | 82 | 0.8x |
| Lakewood, OH | 50,229 | 94 | 0.9x |
| Strongsville, OH | 46,022 | 100 | 0.9x |
| North Ridgeville, OH | 36,043 | 100 | 0.9x |
| Westlake, OH | 34,036 | 110 | 1.0x |
| North Olmsted, OH | 32,031 | 96 | 0.9x |
| North Royalton, OH | 31,013 | 98 | 0.9x |
| Avon, OH | 25,082 | 114 | 1.1x |
| Rocky River, OH | 21,490 | 106 | 1.0x |
| Fairview Park, OH | 17,049 | 93 | 0.9x |