Montrose-Ghent, OH Cost Of Living
Cost Of Living In Montrose-Ghent, OH Summary
Cost of living in Montrose-Ghent 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 Montrose-Ghent 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 Montrose-Ghent is 126, with 100 being the average.
The cost of living index in Montrose-Ghent is 1.3x higher than the national average.
Montrose-Ghent ranks as the #281 cheapest in Ohio out of 289.
Montrose-Ghent ranks as the #4,776 cheapest out of 6,489 in the US.
The median home value in Montrose-Ghent is $523,854.
The median income in Montrose-Ghent is $175,781.
Table Of Contents
Montrose-Ghent's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Montrose-Ghent, OH?
According to the most recent data on the cost of living, Montrose-Ghent has an overall cost of living index of 126, which is 1.3x higher than the national index of 100.
Compared to Ohio, Montrose-Ghent has a cost of living index that's 1.4x higher than Ohio's index of 93.
The standard of living in Montrose-Ghent ranks as #281 most affordable out of the 289 places we measured in Ohio. By definition, that implies Montrose-Ghent ranks as the #8 most expensive place in the Buckeye State.
For more reading on life in Montrose-Ghent, check out:
In Ohio
In America
Montrose-Ghent Cost Of Living Vs. Ohio
Six factors go into calculating the cost of living index in Montrose-Ghent. Here is how it fairs on each of the criteria:
The Services index in Montrose-Ghent is 94.
The Groceries index in Montrose-Ghent is 101.
The Health index in Montrose-Ghent is 96.
The Housing index in Montrose-Ghent is 205.
The Transportation index in Montrose-Ghent is 100.
The Utilities index in Montrose-Ghent is 105.
| Living Expense | Montrose-Ghent | Ohio | National Average | |
|---|---|---|---|---|
| Overall | 126 | 93 | 100 | |
| Services | 94 | 101 | 100 | |
| Groceries | 101 | 103 | 100 | |
| Health | 96 | 97 | 100 | |
| Housing | 205 | 74 | 100 | |
| Transportation | 100 | 102 | 100 | |
| Utilities | 105 | 100 | 100 | |
Montrose-Ghent, 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 Montrose-Ghent is $523,854.
The Median Rent in Montrose-Ghent is $2,721.
The Median Income in Montrose-Ghent is $175,781.
The Home Value To Income in Montrose-Ghent is 3.0x.
The Rent To Monthly Income in Montrose-Ghent is 0.19x.
| Statistic | Montrose-Ghent | Ohio | United States |
|---|---|---|---|
| Median Home Value | $523,854 | $240,287 | $303,400 |
| Median Rent | $2,721 | $988 | $1,348 |
| Median Income | $175,781 | $69,680 | $78,538 |
| Home Value To Income | 3.0x | 3.4x | 3.9x |
| Rent To Monthly Income | 0.19x | 0.17x | 0.21x |
Median Home Value
Median Rent
Median Income
Montrose-Ghent, OH Costs By Category
Detailed Montrose-Ghent Services Costs Vs. Ohio
| Item | Montrose-Ghent | 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 Montrose-Ghent Groceries Costs Vs. Ohio
| Item | Montrose-Ghent | 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 Montrose-Ghent Health Costs Vs. Ohio
| Item | Montrose-Ghent | Ohio |
|---|---|---|
| Optometrist | $103.58 | $125.68 |
| Doctor | $119.67 | $135.78 |
| Dentist | $109.73 | $113.29 |
Detailed Montrose-Ghent Transportation Costs Vs. Ohio
| Item | Montrose-Ghent | Ohio |
|---|---|---|
| Gasoline | $3.41 | $3.46 |
| Tire Balancing | $57.76 | $59.92 |
Detailed Montrose-Ghent Utilities Costs Vs. Ohio
| Item | Montrose-Ghent | Ohio |
|---|---|---|
| All Electricity | $205.88 | $193.99 |
| Phone | $186.78 | $192.25 |
Montrose-Ghent SnackAbility
/10
Cost Of Living In Cities Around Montrose-Ghent
The cost of living varies in the cities and towns around Montrose-Ghent. 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 82, 0.7x Montrose-Ghent.
Cuyahoga Falls, OH has a cost of living index of 92, 0.7x Montrose-Ghent.
Strongsville, OH has a cost of living index of 100, 0.8x Montrose-Ghent.
| City | Population | Cost Of Living | Vs. Montrose-Ghent |
|---|---|---|---|
| Akron, OH | 189,526 | 82 | 0.7x |
| Cuyahoga Falls, OH | 50,864 | 92 | 0.7x |
| Strongsville, OH | 46,022 | 100 | 0.8x |
| Stow, OH | 34,317 | 99 | 0.8x |
| Wadsworth, OH | 24,302 | 93 | 0.7x |
| Solon, OH | 23,970 | 113 | 0.9x |
| Hudson, OH | 23,007 | 125 | 1.0x |
| Broadview Heights, OH | 19,768 | 104 | 0.8x |
| Twinsburg, OH | 19,346 | 104 | 0.8x |
| Macedonia, OH | 12,142 | 104 | 0.8x |
