Cost of living in Fairlawn 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 Fairlawn 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 Fairlawn is 99, with 100 being the average.
The cost of living index in Fairlawn is 1.0x lower than the national average.
Fairlawn ranks as the #236 cheapest in Ohio out of 286.
Fairlawn ranks as the #3,027 cheapest out of 6,412 in the US.
The median home value in Fairlawn is $188,800.
The median income in Fairlawn is $77,771.
According to the most recent data on the cost of living, Fairlawn has an overall cost of living index of 99, which is 1.0x lower than the national index of 100.
Compared to Ohio, Fairlawn has a cost of living index that's 1.1x higher than Ohio's index of 91.
The standard of living in Fairlawn ranks as #236 most affordable out of the 286 places we measured in Ohio. By definition, that implies Fairlawn ranks as the #50 most expensive place in the Buckeye State.
For more reading on life in Fairlawn, check out:
Six factors go into calculating the cost of living index in Fairlawn. Here is how it fairs on each of the criteria:
The Services index in Fairlawn is 102.
The Groceries index in Fairlawn is 102.
The Health index in Fairlawn is 102.
The Housing index in Fairlawn is 97.
The Transportation index in Fairlawn is 97.
The Utilities index in Fairlawn is 100.
|Living Expense||Fairlawn||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 Fairlawn is $188,800.
The Median Rent in Fairlawn is $920.
The Median Income in Fairlawn is $77,771.
The Home Value To Income in Fairlawn is 2.4x.
The Rent To Monthly Income in Fairlawn is 0.14x.
|Median Home Value||$188,800||$159,900||$244,900|
|Home Value To Income||2.4x||2.6x||3.5x|
|Rent To Monthly Income||0.14x||0.17x||0.2x|
The cost of living varies in the cities and towns around Fairlawn. Here's a quick look at the cost of living in the most populous nearby places:
Akron, OH has a cost of living index of 87, 0.9x Fairlawn.
Cuyahoga Falls, OH has a cost of living index of 90, 0.9x Fairlawn.
Strongsville, OH has a cost of living index of 99, 1.0x Fairlawn.
|City||Population||Cost Of Living||Vs. Fairlawn|
|Cuyahoga Falls, OH||50,906||90||0.9x|
|Broadview Heights, OH||19,820||104||1.1x|