Cost of living in Broadview Heights 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 Broadview Heights 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 Broadview Heights is 104, with 100 being the average.
The cost of living index in Broadview Heights is 1.0x higher than the national average.
Broadview Heights ranks as the #254 cheapest in Ohio out of 286.
Broadview Heights ranks as the #3,585 cheapest out of 6,412 in the US.
The median home value in Broadview Heights is $242,100.
The median income in Broadview Heights is $91,181.
According to the most recent data on the cost of living, Broadview Heights has an overall cost of living index of 104, which is 1.0x higher than the national index of 100.
Compared to Ohio, Broadview Heights has a cost of living index that's 1.1x higher than Ohio's index of 91.
The standard of living in Broadview Heights ranks as #254 most affordable out of the 286 places we measured in Ohio. By definition, that implies Broadview Heights ranks as the #32 most expensive place in the Buckeye State.
For more reading on life in Broadview Heights, check out:
Six factors go into calculating the cost of living index in Broadview Heights. Here is how it fairs on each of the criteria:
The Services index in Broadview Heights is 102.
The Groceries index in Broadview Heights is 105.
The Health index in Broadview Heights is 111.
The Housing index in Broadview Heights is 108.
The Transportation index in Broadview Heights is 101.
The Utilities index in Broadview Heights is 96.
|Living Expense||Broadview Heights||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 Broadview Heights is $242,100.
The Median Rent in Broadview Heights is $988.
The Median Income in Broadview Heights is $91,181.
The Home Value To Income in Broadview Heights is 2.7x.
The Rent To Monthly Income in Broadview Heights is 0.13x.
|Statistic||Broadview Heights||Ohio||United States|
|Median Home Value||$242,100||$159,900||$244,900|
|Home Value To Income||2.7x||2.6x||3.5x|
|Rent To Monthly Income||0.13x||0.17x||0.2x|
The cost of living varies in the cities and towns around Broadview Heights. Here's a quick look at the cost of living in the most populous nearby places:
Parma, OH has a cost of living index of 88, 0.8x Broadview Heights.
Strongsville, OH has a cost of living index of 99, 1.0x Broadview Heights.
Westlake, OH has a cost of living index of 109, 1.0x Broadview Heights.
|City||Population||Cost Of Living||Vs. Broadview Heights|
|North Olmsted, OH||32,371||96||0.9x|
|North Royalton, OH||31,150||101||1.0x|
|Shaker Heights, OH||29,197||103||1.0x|
|Parma Heights, OH||20,764||88||0.8x|