Bay Village, OH Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Bay Village, OH Summary

Cost of living in Bay Village 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 Bay Village 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 Bay Village is 105, with 100 being the average.

  • The cost of living index in Bay Village is 1.1x higher than the national average.

  • Bay Village ranks as the #257 cheapest in Ohio out of 286.

  • Bay Village ranks as the #3,676 cheapest out of 6,412 in the US.

  • The median home value in Bay Village is $270,200.

  • The median income in Bay Village is $111,516.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
105
Bay Village's Overall Cost Of Living
1.1x
Higher Than The National Average

What is the cost of living in Bay Village, OH?

According to the most recent data on the cost of living, Bay Village has an overall cost of living index of 105, which is 1.1x higher than the national index of 100.

Compared to Ohio, Bay Village has a cost of living index that's 1.2x higher than Ohio's index of 91.

The standard of living in Bay Village ranks as #257 most affordable out of the 286 places we measured in Ohio. By definition, that implies Bay Village ranks as the #29 most expensive place in the Buckeye State.

For more reading on life in Bay Village, check out:

257 out of 286
In Ohio
3,676 out of 6,412
In America

Bay Village Cost Of Living Vs. Ohio

Six factors go into calculating the cost of living index in Bay Village. Here is how it fairs on each of the criteria:

  • The Services index in Bay Village is 99.

  • The Groceries index in Bay Village is 106.

  • The Health index in Bay Village is 108.

  • The Housing index in Bay Village is 114.

  • The Transportation index in Bay Village is 101.

  • The Utilities index in Bay Village is 93.

Living Expense Bay Village Ohio National Average
Overall 105 91 100
Services 99 98 100
Groceries 106 101 100
Health 108 95 100
Housing 114 73 100
Transportation 101 98 100
Utilities 93 93 100
For more reading on cost of living around Ohio, check out:
Bay Village Cost of Living Vs. OH

Bay Village, 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 2017-2021. The key points are:

  • The Median Home Value in Bay Village is $270,200.

  • The Median Rent in Bay Village is $1,165.

  • The Median Income in Bay Village is $111,516.

  • The Home Value To Income in Bay Village is 2.4x.

  • The Rent To Monthly Income in Bay Village is 0.13x.

Statistic Bay Village Ohio United States
Median Home Value $270,200 $159,900 $244,900
Median Rent $1,165 $870 $1,163
Median Income $111,516 $61,938 $69,021
Home Value To Income 2.4x 2.6x 3.5x
Rent To Monthly Income 0.13x 0.17x 0.2x
Search Homes For Sale In Bay Village, OH
$270,200
Median Home Value
$1,165
Median Rent
$111,516
Median Income

Bay Village, OH Costs By Category

Detailed Bay Village Services Costs Vs. Ohio

Item Bay Village Ohio
Shampoo $1.08 $1.06
Movie $11.87 $10.68
Bowling $16.87 $14.67
Haircut $18.34 $18.62
Beauty Salon $31.4 $39.05

Detailed Bay Village Groceries Costs Vs. Ohio

Item Bay Village Ohio
Ground Beef $5.31 $4.22
Fried Chicken $1.83 $1.39
Milk $1.55 $2.05
Potatoes $3.19 $3.29
Pizza $11.49 $10.62
Beer $9.17 $9.38
Toothpaste $2.65 $2.34

Detailed Bay Village Health Costs Vs. Ohio

Item Bay Village Ohio
Optometrist $86.0 $108.57
Doctor $121.47 $116.17
Dentist $119.67 $99.13

Detailed Bay Village Transportation Costs Vs. Ohio

Item Bay Village Ohio
Gasoline $2.25 $2.22
Tire Balancing $47.56 $50.07

Detailed Bay Village Utilities Costs Vs. Ohio

Item Bay Village Ohio
All Electricity $154.37 $167.67
Phone $180.6 $175.64

Bay Village SnackAbility

10
/10
Overall SnackAbility
Jobs
9/10
Housing
8.5
Affordability
8.5
Diversity
5
Safety
8.5
Amenities
9
Education
9.5
Commute
8

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