Cost of living in Mentor 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 Mentor 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 Mentor is 98, with 100 being the average.
The cost of living index in Mentor is 1.0x lower than the national average.
Mentor ranks as the #228 cheapest in Ohio out of 286.
Mentor ranks as the #2,890 cheapest out of 6,412 in the US.
The median home value in Mentor is $189,400.
The median income in Mentor is $79,261.
According to the most recent data on the cost of living, Mentor has an overall cost of living index of 98, which is 1.0x lower than the national index of 100.
Compared to Ohio, Mentor has a cost of living index that's 1.1x higher than Ohio's index of 91.
The standard of living in Mentor ranks as #228 most affordable out of the 286 places we measured in Ohio. By definition, that implies Mentor ranks as the #58 most expensive place in the Buckeye State.
For more reading on life in Mentor, check out:
Six factors go into calculating the cost of living index in Mentor. Here is how it fairs on each of the criteria:
The Services index in Mentor is 99.
The Groceries index in Mentor is 102.
The Health index in Mentor is 111.
The Housing index in Mentor is 94.
The Transportation index in Mentor is 99.
The Utilities index in Mentor is 97.
|Living Expense||Mentor||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 Mentor is $189,400.
The Median Rent in Mentor is $991.
The Median Income in Mentor is $79,261.
The Home Value To Income in Mentor is 2.4x.
The Rent To Monthly Income in Mentor is 0.15x.
|Median Home Value||$189,400||$159,900||$244,900|
|Home Value To Income||2.4x||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 Mentor. Here's a quick look at the cost of living in the most populous nearby places:
Cleveland Heights, OH has a cost of living index of 92, 0.9x Mentor.
Shaker Heights, OH has a cost of living index of 103, 1.1x Mentor.
Willoughby, OH has a cost of living index of 97, 1.0x Mentor.
|City||Population||Cost Of Living||Vs. Mentor|
|Cleveland Heights, OH||45,267||92||0.9x|
|Shaker Heights, OH||29,197||103||1.1x|
|South Euclid, OH||21,882||92||0.9x|
|Mayfield Heights, OH||20,113||95||1.0x|
|University Heights, OH||13,950||96||1.0x|