Cost of living in Conneaut 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 Conneaut 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 Conneaut is 87, with 100 being the average.
The cost of living index in Conneaut is 0.9x lower than the national average.
Conneaut ranks as the #89 cheapest in Ohio out of 286.
Conneaut ranks as the #1,101 cheapest out of 6,412 in the US.
The median home value in Conneaut is $97,800.
The median income in Conneaut is $52,373.
According to the most recent data on the cost of living, Conneaut has an overall cost of living index of 87, which is 0.9x lower than the national index of 100.
Compared to Ohio, Conneaut has a cost of living index that's 1.0x lower than Ohio's index of 91.
The standard of living in Conneaut ranks as #89 most affordable out of the 286 places we measured in Ohio. By definition, that implies Conneaut ranks as the #197 most expensive place in the Buckeye State.
For more reading on life in Conneaut, check out:
Six factors go into calculating the cost of living index in Conneaut. Here is how it fairs on each of the criteria:
The Services index in Conneaut is 100.
The Groceries index in Conneaut is 105.
The Health index in Conneaut is 110.
The Housing index in Conneaut is 50.
The Transportation index in Conneaut is 100.
The Utilities index in Conneaut is 96.
|Living Expense||Conneaut||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 Conneaut is $97,800.
The Median Rent in Conneaut is $671.
The Median Income in Conneaut is $52,373.
The Home Value To Income in Conneaut is 1.9x.
The Rent To Monthly Income in Conneaut is 0.15x.
|Median Home Value||$97,800||$159,900||$244,900|
|Home Value To Income||1.9x||2.6x||3.5x|
|Rent To Monthly Income||0.15x||0.17x||0.2x|
The cost of living varies in the cities and towns around Conneaut. Here's a quick look at the cost of living in the most populous nearby places:
Mentor, OH has a cost of living index of 98, 1.1x Conneaut.
Willoughby, OH has a cost of living index of 97, 1.1x Conneaut.
Ashtabula, OH has a cost of living index of 86, 1.0x Conneaut.
|City||Population||Cost Of Living||Vs. Conneaut|
|North Madison, OH||8,739||94||1.1x|
|Howland Center, OH||6,720||92||1.1x|