Munroe Falls, OH Cost Of Living
Cost Of Living In Munroe Falls, OH Summary
Cost of living in Munroe Falls 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 Munroe Falls 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 Munroe Falls is 94, with 100 being the average.
The cost of living index in Munroe Falls is 0.9x lower than the national average.
Munroe Falls ranks as the #158 cheapest in Ohio out of 289.
Munroe Falls ranks as the #1,806 cheapest out of 6,489 in the US.
The median home value in Munroe Falls is $268,540.
The median income in Munroe Falls is $75,089.
Table Of Contents
Munroe Falls's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Munroe Falls, OH?
According to the most recent data on the cost of living, Munroe Falls has an overall cost of living index of 94, which is 0.9x lower than the national index of 100.
Compared to Ohio, Munroe Falls has a cost of living index that's 1.0x higher than Ohio's index of 93.
The standard of living in Munroe Falls ranks as #158 most affordable out of the 289 places we measured in Ohio. By definition, that implies Munroe Falls ranks as the #131 most expensive place in the Buckeye State.
For more reading on life in Munroe Falls, check out:
In Ohio
In America
Munroe Falls Cost Of Living Vs. Ohio
Six factors go into calculating the cost of living index in Munroe Falls. Here is how it fairs on each of the criteria:
The Services index in Munroe Falls is 91.
The Groceries index in Munroe Falls is 101.
The Health index in Munroe Falls is 94.
The Housing index in Munroe Falls is 90.
The Transportation index in Munroe Falls is 97.
The Utilities index in Munroe Falls is 103.
| Living Expense | Munroe Falls | Ohio | National Average | |
|---|---|---|---|---|
| Overall | 94 | 93 | 100 | |
| Services | 91 | 101 | 100 | |
| Groceries | 101 | 103 | 100 | |
| Health | 94 | 97 | 100 | |
| Housing | 90 | 74 | 100 | |
| Transportation | 97 | 102 | 100 | |
| Utilities | 103 | 100 | 100 | |
Munroe Falls, 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 Munroe Falls is $268,540.
The Median Rent in Munroe Falls is -.
The Median Income in Munroe Falls is $75,089.
The Home Value To Income in Munroe Falls is 3.6x.
The Rent To Monthly Income in Munroe Falls is nanx.
| Statistic | Munroe Falls | Ohio | United States |
|---|---|---|---|
| Median Home Value | $268,540 | $240,287 | $303,400 |
| Median Rent | - | $988 | $1,348 |
| Median Income | $75,089 | $69,680 | $78,538 |
| Home Value To Income | 3.6x | 3.4x | 3.9x |
| Rent To Monthly Income | nanx | 0.17x | 0.21x |
Median Home Value
Median Rent
Median Income
Munroe Falls, OH Costs By Category
Detailed Munroe Falls Services Costs Vs. Ohio
| Item | Munroe Falls | 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 Munroe Falls Groceries Costs Vs. Ohio
| Item | Munroe Falls | 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 Munroe Falls Health Costs Vs. Ohio
| Item | Munroe Falls | Ohio |
|---|---|---|
| Optometrist | $103.58 | $125.68 |
| Doctor | $119.67 | $135.78 |
| Dentist | $109.73 | $113.29 |
Detailed Munroe Falls Transportation Costs Vs. Ohio
| Item | Munroe Falls | Ohio |
|---|---|---|
| Gasoline | $3.41 | $3.46 |
| Tire Balancing | $57.76 | $59.92 |
Detailed Munroe Falls Utilities Costs Vs. Ohio
| Item | Munroe Falls | Ohio |
|---|---|---|
| All Electricity | $205.88 | $193.99 |
| Phone | $186.78 | $192.25 |
Munroe Falls SnackAbility
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Cost Of Living In Cities Around Munroe Falls
The cost of living varies in the cities and towns around Munroe Falls. 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, 0.9x Munroe Falls.
Stow, OH has a cost of living index of 99, 1.1x Munroe Falls.
Kent, OH has a cost of living index of 93, 1.0x Munroe Falls.
| City | Population | Cost Of Living | Vs. Munroe Falls |
|---|---|---|---|
| Akron, OH | 189,526 | 82 | 0.9x |
| Stow, OH | 34,317 | 99 | 1.1x |
| Kent, OH | 27,190 | 93 | 1.0x |
| Solon, OH | 23,970 | 113 | 1.2x |
| Hudson, OH | 23,007 | 125 | 1.3x |
| Broadview Heights, OH | 19,768 | 104 | 1.1x |
| Twinsburg, OH | 19,346 | 104 | 1.1x |
| Tallmadge, OH | 18,394 | 96 | 1.0x |
| Aurora, OH | 17,386 | 113 | 1.2x |
| New Franklin, OH | 13,830 | 95 | 1.0x |
