Cost of living in Hudson 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 Hudson 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 Hudson is 125, with 100 being the average.
The cost of living index in Hudson is 1.2x higher than the national average.
Hudson ranks as the #279 cheapest in Ohio out of 289.
Hudson ranks as the #4,715 cheapest out of 6,489 in the US.
The median home value in Hudson is $531,779.
The median income in Hudson is $180,931.
According to the most recent data on the cost of living, Hudson has an overall cost of living index of 125, which is 1.2x higher than the national index of 100.
Compared to Ohio, Hudson has a cost of living index that's 1.3x higher than Ohio's index of 93.
The standard of living in Hudson ranks as #279 most affordable out of the 289 places we measured in Ohio. By definition, that implies Hudson ranks as the #10 most expensive place in the Buckeye State.
For more reading on life in Hudson, check out:
Six factors go into calculating the cost of living index in Hudson. Here is how it fairs on each of the criteria:
The Services index in Hudson is 91.
The Groceries index in Hudson is 103.
The Health index in Hudson is 96.
The Housing index in Hudson is 194.
The Transportation index in Hudson is 99.
The Utilities index in Hudson is 105.
| Living Expense | Hudson | Ohio | National Average | |
|---|---|---|---|---|
| Overall | 125 | 93 | 100 | |
| Services | 91 | 101 | 100 | |
| Groceries | 103 | 103 | 100 | |
| Health | 96 | 97 | 100 | |
| Housing | 194 | 74 | 100 | |
| Transportation | 99 | 102 | 100 | |
| Utilities | 105 | 100 | 100 | |
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 2019-2023. The key points are:
The Median Home Value in Hudson is $531,779.
The Median Rent in Hudson is $2,219.
The Median Income in Hudson is $180,931.
The Home Value To Income in Hudson is 2.9x.
The Rent To Monthly Income in Hudson is 0.15x.
The cost of living varies in the cities and towns around Hudson. Here's a quick look at the cost of living in the most populous nearby places:
Stow, OH has a cost of living index of 99, 0.8x Hudson.
Shaker Heights, OH has a cost of living index of 106, 0.8x Hudson.
Solon, OH has a cost of living index of 113, 0.9x Hudson.
| City | Population | Cost Of Living | Vs. Hudson |
|---|---|---|---|
| Stow, OH | 34,317 | 99 | 0.8x |
| Shaker Heights, OH | 29,004 | 106 | 0.8x |
| Solon, OH | 23,970 | 113 | 0.9x |
| Broadview Heights, OH | 19,768 | 104 | 0.8x |
| Twinsburg, OH | 19,346 | 104 | 0.8x |
| Streetsboro, OH | 17,514 | 92 | 0.7x |
| Macedonia, OH | 12,142 | 104 | 0.8x |
| Seven Hills, OH | 11,628 | 102 | 0.8x |
| Pepper Pike, OH | 6,807 | 138 | 1.1x |
| Reminderville, OH | 5,370 | 103 | 0.8x |