Cost of living in Columbus 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 Columbus 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 Columbus is 89, with 100 being the average.
The cost of living index in Columbus is 0.9x lower than the national average.
Columbus ranks as the #125 cheapest in Ohio out of 286.
Columbus ranks as the #1,460 cheapest out of 6,412 in the US.
The median home value in Columbus is $174,400.
The median income in Columbus is $58,575.
According to the most recent data on the cost of living, Columbus has an overall cost of living index of 89, which is 0.9x lower than the national index of 100.
Compared to Ohio, Columbus has a cost of living index that's 1.0x lower than Ohio's index of 91.
The standard of living in Columbus ranks as #125 most affordable out of the 286 places we measured in Ohio. By definition, that implies Columbus ranks as the #161 most expensive place in the Buckeye State.
For more reading on life in Columbus, check out:
Six factors go into calculating the cost of living index in Columbus. Here is how it fairs on each of the criteria:
The Services index in Columbus is 93.
The Groceries index in Columbus is 96.
The Health index in Columbus is 94.
The Housing index in Columbus is 75.
The Transportation index in Columbus is 102.
The Utilities index in Columbus is 85.
|Living Expense||Columbus||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 Columbus is $174,400.
The Median Rent in Columbus is $1,061.
The Median Income in Columbus is $58,575.
The Home Value To Income in Columbus is 3.0x.
The Rent To Monthly Income in Columbus is 0.22x.
|Median Home Value||$174,400||$159,900||$244,900|
|Home Value To Income||3.0x||2.6x||3.5x|
|Rent To Monthly Income||0.22x||0.17x||0.2x|
The cost of living varies in the cities and towns around Columbus. Here's a quick look at the cost of living in the most populous nearby places:
Dublin, OH has a cost of living index of 120, 1.3x Columbus.
Westerville, OH has a cost of living index of 98, 1.1x Columbus.
Upper Arlington, OH has a cost of living index of 117, 1.3x Columbus.
|City||Population||Cost Of Living||Vs. Columbus|
|Upper Arlington, OH||36,566||117||1.3x|
|New Albany, OH||10,962||138||1.6x|