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 94, 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 #188 cheapest in Ohio out of 286.
North Madison ranks as the #2,290 cheapest out of 6,412 in the US.
The median home value in North Madison is $119,000.
The median income in North Madison is $54,662.
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 94, 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 higher than Ohio's index of 91.
The standard of living in North Madison ranks as #188 most affordable out of the 286 places we measured in Ohio. By definition, that implies North Madison ranks as the #98 most expensive place in the Buckeye State.
For more reading on life in North Madison, check out:
- Living In North Madison
- Search Homes For Sale In North Madison, OH
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 103.
The Groceries index in North Madison is 105.
The Health index in North Madison is 111.
The Housing index in North Madison is 70.
The Transportation index in North Madison is 100.
The Utilities index in North Madison is 96.
| Living Expense | North Madison | Ohio | National Average | |
|---|---|---|---|---|
| Overall | 94 | 91 | 100 | |
| Services | 103 | 98 | 100 | |
| Groceries | 105 | 101 | 100 | |
| Health | 111 | 95 | 100 | |
| Housing | 70 | 73 | 100 | |
| Transportation | 100 | 98 | 100 | |
| Utilities | 96 | 93 | 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 2017-2021. The key points are:
The Median Home Value in North Madison is $119,000.
The Median Rent in North Madison is $989.
The Median Income in North Madison is $54,662.
The Home Value To Income in North Madison is 2.2x.
The Rent To Monthly Income in North Madison is 0.22x.
| Statistic | North Madison | Ohio | United States |
|---|---|---|---|
| Median Home Value | $119,000 | $159,900 | $244,900 |
| Median Rent | $989 | $870 | $1,163 |
| Median Income | $54,662 | $61,938 | $69,021 |
| Home Value To Income | 2.2x | 2.6x | 3.5x |
| Rent To Monthly Income | 0.22x | 0.17x | 0.2x |
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 | $1.08 | $1.06 |
| Movie | $11.87 | $10.68 |
| Bowling | $16.87 | $14.67 |
| Haircut | $18.34 | $18.62 |
| Beauty Salon | $31.4 | $39.05 |
Detailed North Madison Groceries Costs Vs. Ohio
| Item | North Madison | Ohio |
|---|---|---|
| Ground Beef | $5.31 | $4.22 |
| Fried Chicken | $1.83 | $1.39 |
| Milk | $1.55 | $2.05 |
| Potatoes | $3.19 | $3.29 |
| Pizza | $11.49 | $10.62 |
| Beer | $9.17 | $9.38 |
| Toothpaste | $2.65 | $2.34 |
Detailed North Madison Health Costs Vs. Ohio
| Item | North Madison | Ohio |
|---|---|---|
| Optometrist | $86.0 | $108.57 |
| Doctor | $121.47 | $116.17 |
| Dentist | $119.67 | $99.13 |
Detailed North Madison Transportation Costs Vs. Ohio
| Item | North Madison | Ohio |
|---|---|---|
| Gasoline | $2.25 | $2.22 |
| Tire Balancing | $47.56 | $50.07 |
Detailed North Madison Utilities Costs Vs. Ohio
| Item | North Madison | Ohio |
|---|---|---|
| All Electricity | $154.37 | $167.67 |
| Phone | $180.6 | $175.64 |
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, 1.0x North Madison.
Painesville, OH has a cost of living index of 91, 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 | 47,369 | 98 | 1.0x |
| Painesville, OH | 20,311 | 91 | 1.0x |
| Ashtabula, OH | 18,091 | 86 | 0.9x |
| Mentor-on-the-Lake, OH | 7,135 | 94 | 1.0x |
| Geneva, OH | 5,948 | 88 | 0.9x |
| Chardon, OH | 5,212 | 97 | 1.0x |
