North Madison, OH Cost Of Living
Cost Of Living In North Madison, OH Summary
Cost of living in North Madison 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 North Madison 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 North Madison is 91, with 100 being the average.
The cost of living index in North Madison is 0.9x lower than the national average.
North Madison ranks as the #109 cheapest in Ohio out of 289.
North Madison ranks as the #1,347 cheapest out of 6,489 in the US.
The median home value in North Madison is $176,355.
The median income in North Madison is $60,875.
Table Of Contents
North Madison's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in North Madison, OH?
According to the most recent data on the cost of living, North Madison has an overall cost of living index of 91, which is 0.9x lower than the national index of 100.
Compared to Ohio, North Madison has a cost of living index that's 1.0x lower than Ohio's index of 93.
The standard of living in North Madison ranks as #109 most affordable out of the 289 places we measured in Ohio. By definition, that implies North Madison ranks as the #180 most expensive place in the Buckeye State.
For more reading on life in North Madison, check out:
In Ohio
In America
North Madison Cost Of Living Vs. Ohio
Six factors go into calculating the cost of living index in North Madison. Here is how it fairs on each of the criteria:
The Services index in North Madison is 93.
The Groceries index in North Madison is 103.
The Health index in North Madison is 94.
The Housing index in North Madison is 74.
The Transportation index in North Madison is 96.
The Utilities index in North Madison is 101.
| Living Expense | North Madison | Ohio | National Average | |
|---|---|---|---|---|
| Overall | 91 | 93 | 100 | |
| Services | 93 | 101 | 100 | |
| Groceries | 103 | 103 | 100 | |
| Health | 94 | 97 | 100 | |
| Housing | 74 | 74 | 100 | |
| Transportation | 96 | 102 | 100 | |
| Utilities | 101 | 100 | 100 | |
North Madison, 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 North Madison is $176,355.
The Median Rent in North Madison is $1,109.
The Median Income in North Madison is $60,875.
The Home Value To Income in North Madison is 2.9x.
The Rent To Monthly Income in North Madison is 0.22x.
| Statistic | North Madison | Ohio | United States |
|---|---|---|---|
| Median Home Value | $176,355 | $240,287 | $303,400 |
| Median Rent | $1,109 | $988 | $1,348 |
| Median Income | $60,875 | $69,680 | $78,538 |
| Home Value To Income | 2.9x | 3.4x | 3.9x |
| Rent To Monthly Income | 0.22x | 0.17x | 0.21x |
Median Home Value
Median Rent
Median Income
North Madison, OH Costs By Category
Detailed North Madison Services Costs Vs. Ohio
| Item | North Madison | 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 North Madison Groceries Costs Vs. Ohio
| Item | North Madison | 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 North Madison Health Costs Vs. Ohio
| Item | North Madison | Ohio |
|---|---|---|
| Optometrist | $103.58 | $125.68 |
| Doctor | $119.67 | $135.78 |
| Dentist | $109.73 | $113.29 |
Detailed North Madison Transportation Costs Vs. Ohio
| Item | North Madison | Ohio |
|---|---|---|
| Gasoline | $3.41 | $3.46 |
| Tire Balancing | $57.76 | $59.92 |
Detailed North Madison Utilities Costs Vs. Ohio
| Item | North Madison | Ohio |
|---|---|---|
| All Electricity | $205.88 | $193.99 |
| Phone | $186.78 | $192.25 |
North Madison SnackAbility
/10
Cost Of Living In Cities Around North Madison
The cost of living varies in the cities and towns around North Madison. 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 North Madison.
Painesville, OH has a cost of living index of 90, 1.0x North Madison.
Ashtabula, OH has a cost of living index of 86, 0.9x North Madison.
| City | Population | Cost Of Living | Vs. North Madison |
|---|---|---|---|
| Mentor, OH | 47,215 | 98 | 1.1x |
| Painesville, OH | 20,453 | 90 | 1.0x |
| Ashtabula, OH | 17,919 | 86 | 0.9x |
| Mentor-on-the-Lake, OH | 7,117 | 93 | 1.0x |
| Geneva, OH | 5,912 | 89 | 1.0x |
| Chardon, OH | 5,246 | 100 | 1.1x |
