Mentor-on-the-Lake, OH Cost Of Living
Cost Of Living In Mentor-on-the-Lake, OH Summary
Cost of living in Mentor-on-the-Lake 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-on-the-Lake 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-on-the-Lake is 93, with 100 being the average.
The cost of living index in Mentor-on-the-Lake is 0.9x lower than the national average.
Mentor-on-the-Lake ranks as the #141 cheapest in Ohio out of 289.
Mentor-on-the-Lake ranks as the #1,658 cheapest out of 6,489 in the US.
The median home value in Mentor-on-the-Lake is $206,512.
The median income in Mentor-on-the-Lake is $61,320.
Table Of Contents
Mentor-on-the-Lake's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Mentor-on-the-Lake, OH?
According to the most recent data on the cost of living, Mentor-on-the-Lake has an overall cost of living index of 93, which is 0.9x lower than the national index of 100.
Compared to Ohio, Mentor-on-the-Lake has a cost of living index that's 1.0x lower than Ohio's index of 93.
The standard of living in Mentor-on-the-Lake ranks as #141 most affordable out of the 289 places we measured in Ohio. By definition, that implies Mentor-on-the-Lake ranks as the #148 most expensive place in the Buckeye State.
For more reading on life in Mentor-on-the-Lake, check out:
In Ohio
In America
Mentor-on-the-Lake Cost Of Living Vs. Ohio
Six factors go into calculating the cost of living index in Mentor-on-the-Lake. Here is how it fairs on each of the criteria:
The Services index in Mentor-on-the-Lake is 93.
The Groceries index in Mentor-on-the-Lake is 102.
The Health index in Mentor-on-the-Lake is 94.
The Housing index in Mentor-on-the-Lake is 82.
The Transportation index in Mentor-on-the-Lake is 96.
The Utilities index in Mentor-on-the-Lake is 101.
| Living Expense | Mentor-on-the-Lake | Ohio | National Average | |
|---|---|---|---|---|
| Overall | 93 | 93 | 100 | |
| Services | 93 | 101 | 100 | |
| Groceries | 102 | 103 | 100 | |
| Health | 94 | 97 | 100 | |
| Housing | 82 | 74 | 100 | |
| Transportation | 96 | 102 | 100 | |
| Utilities | 101 | 100 | 100 | |
Mentor-on-the-Lake, OH Housing Cost Breakdown
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 Mentor-on-the-Lake is $206,512.
The Median Rent in Mentor-on-the-Lake is $1,021.
The Median Income in Mentor-on-the-Lake is $61,320.
The Home Value To Income in Mentor-on-the-Lake is 3.4x.
The Rent To Monthly Income in Mentor-on-the-Lake is 0.2x.
| Statistic | Mentor-on-the-Lake | Ohio | United States |
|---|---|---|---|
| Median Home Value | $206,512 | $240,287 | $303,400 |
| Median Rent | $1,021 | $988 | $1,348 |
| Median Income | $61,320 | $69,680 | $78,538 |
| Home Value To Income | 3.4x | 3.4x | 3.9x |
| Rent To Monthly Income | 0.2x | 0.17x | 0.21x |
Median Home Value
Median Rent
Median Income
Mentor-on-the-Lake, OH Costs By Category
Detailed Mentor-on-the-Lake Services Costs Vs. Ohio
| Item | Mentor-on-the-Lake | Ohio |
|---|---|---|
| Shampoo | $1.45 | $1.28 |
| Movie | $11.6 | $12.13 |
| Bowling | $18.27 | $18 |
| Haircut | $23.67 | $24.26 |
| Beauty Salon | $35.31 | $45.56 |
Detailed Mentor-on-the-Lake Groceries Costs Vs. Ohio
| Item | Mentor-on-the-Lake | Ohio |
|---|---|---|
| Ground Beef | $5.46 | $5.84 |
| Fried Chicken | $1.39 | $1.57 |
| Milk | $4.57 | $4.67 |
| Potatoes | $5.38 | $4.93 |
| Pizza | $9.98 | $12.09 |
| Beer | $10.51 | $10.41 |
| Toothpaste | $3.68 | $3.7 |
Detailed Mentor-on-the-Lake Health Costs Vs. Ohio
| Item | Mentor-on-the-Lake | Ohio |
|---|---|---|
| Optometrist | $103.58 | $125.68 |
| Doctor | $119.67 | $135.78 |
| Dentist | $109.73 | $113.29 |
Detailed Mentor-on-the-Lake Transportation Costs Vs. Ohio
| Item | Mentor-on-the-Lake | Ohio |
|---|---|---|
| Gasoline | $3.41 | $3.46 |
| Tire Balancing | $57.76 | $59.92 |
Detailed Mentor-on-the-Lake Utilities Costs Vs. Ohio
| Item | Mentor-on-the-Lake | Ohio |
|---|---|---|
| All Electricity | $205.88 | $193.99 |
| Phone | $186.78 | $192.25 |
Mentor-On-The-Lake SnackAbility
/10
Cost Of Living In Cities Around Mentor-on-the-Lake
The cost of living varies in the cities and towns around Mentor-on-the-Lake. 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 Mentor-on-the-Lake.
Cleveland Heights, OH has a cost of living index of 92, 1.0x Mentor-on-the-Lake.
Shaker Heights, OH has a cost of living index of 106, 1.1x Mentor-on-the-Lake.
| City | Population | Cost Of Living | Vs. Mentor-on-the-Lake |
|---|---|---|---|
| Mentor, OH | 47,215 | 98 | 1.1x |
| Cleveland Heights, OH | 44,694 | 92 | 1.0x |
| Shaker Heights, OH | 29,004 | 106 | 1.1x |
| Willoughby, OH | 23,934 | 95 | 1.0x |
| Painesville, OH | 20,453 | 90 | 1.0x |
| Mayfield Heights, OH | 20,082 | 92 | 1.0x |
| Eastlake, OH | 17,538 | 89 | 1.0x |
| Lyndhurst, OH | 13,854 | 95 | 1.0x |
| Beachwood, OH | 13,850 | 117 | 1.3x |
| University Heights, OH | 13,508 | 99 | 1.1x |
