Olmsted Falls, OH Cost Of Living
Cost Of Living In Olmsted Falls, OH Summary
Cost of living in Olmsted 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 Olmsted 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 Olmsted Falls is 95, with 100 being the average.
The cost of living index in Olmsted Falls is 0.9x lower than the national average.
Olmsted Falls ranks as the #175 cheapest in Ohio out of 289.
Olmsted Falls ranks as the #1,954 cheapest out of 6,489 in the US.
The median home value in Olmsted Falls is $298,629.
The median income in Olmsted Falls is $93,907.
Table Of Contents
Olmsted Falls's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Olmsted Falls, OH?
According to the most recent data on the cost of living, Olmsted Falls has an overall cost of living index of 95, which is 0.9x lower than the national index of 100.
Compared to Ohio, Olmsted Falls has a cost of living index that's 1.0x higher than Ohio's index of 93.
The standard of living in Olmsted Falls ranks as #175 most affordable out of the 289 places we measured in Ohio. By definition, that implies Olmsted Falls ranks as the #114 most expensive place in the Buckeye State.
For more reading on life in Olmsted Falls, check out:
In Ohio
In America
Olmsted Falls Cost Of Living Vs. Ohio
Six factors go into calculating the cost of living index in Olmsted Falls. Here is how it fairs on each of the criteria:
The Services index in Olmsted Falls is 93.
The Groceries index in Olmsted Falls is 103.
The Health index in Olmsted Falls is 95.
The Housing index in Olmsted Falls is 90.
The Transportation index in Olmsted Falls is 99.
The Utilities index in Olmsted Falls is 105.
| Living Expense | Olmsted Falls | Ohio | National Average | |
|---|---|---|---|---|
| Overall | 95 | 93 | 100 | |
| Services | 93 | 101 | 100 | |
| Groceries | 103 | 103 | 100 | |
| Health | 95 | 97 | 100 | |
| Housing | 90 | 74 | 100 | |
| Transportation | 99 | 102 | 100 | |
| Utilities | 105 | 100 | 100 | |
Olmsted 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 Olmsted Falls is $298,629.
The Median Rent in Olmsted Falls is $1,142.
The Median Income in Olmsted Falls is $93,907.
The Home Value To Income in Olmsted Falls is 3.2x.
The Rent To Monthly Income in Olmsted Falls is 0.15x.
| Statistic | Olmsted Falls | Ohio | United States |
|---|---|---|---|
| Median Home Value | $298,629 | $240,287 | $303,400 |
| Median Rent | $1,142 | $988 | $1,348 |
| Median Income | $93,907 | $69,680 | $78,538 |
| Home Value To Income | 3.2x | 3.4x | 3.9x |
| Rent To Monthly Income | 0.15x | 0.17x | 0.21x |
Median Home Value
Median Rent
Median Income
Olmsted Falls, OH Costs By Category
Detailed Olmsted Falls Services Costs Vs. Ohio
| Item | Olmsted 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 Olmsted Falls Groceries Costs Vs. Ohio
| Item | Olmsted 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 Olmsted Falls Health Costs Vs. Ohio
| Item | Olmsted Falls | Ohio |
|---|---|---|
| Optometrist | $103.58 | $125.68 |
| Doctor | $119.67 | $135.78 |
| Dentist | $109.73 | $113.29 |
Detailed Olmsted Falls Transportation Costs Vs. Ohio
| Item | Olmsted Falls | Ohio |
|---|---|---|
| Gasoline | $3.41 | $3.46 |
| Tire Balancing | $57.76 | $59.92 |
Detailed Olmsted Falls Utilities Costs Vs. Ohio
| Item | Olmsted Falls | Ohio |
|---|---|---|
| All Electricity | $205.88 | $193.99 |
| Phone | $186.78 | $192.25 |
Olmsted Falls SnackAbility
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Cost Of Living In Cities Around Olmsted Falls
The cost of living varies in the cities and towns around Olmsted Falls. Here's a quick look at the cost of living in the most populous nearby places:
Strongsville, OH has a cost of living index of 100, 1.1x Olmsted Falls.
North Ridgeville, OH has a cost of living index of 100, 1.1x Olmsted Falls.
Westlake, OH has a cost of living index of 110, 1.2x Olmsted Falls.
| City | Population | Cost Of Living | Vs. Olmsted Falls |
|---|---|---|---|
| Strongsville, OH | 46,022 | 100 | 1.1x |
| North Ridgeville, OH | 36,043 | 100 | 1.1x |
| Westlake, OH | 34,036 | 110 | 1.2x |
| North Olmsted, OH | 32,031 | 96 | 1.0x |
| North Royalton, OH | 31,013 | 98 | 1.0x |
| Shaker Heights, OH | 29,004 | 106 | 1.1x |
| Avon Lake, OH | 25,456 | 108 | 1.1x |
| Rocky River, OH | 21,490 | 106 | 1.1x |
| Parma Heights, OH | 20,616 | 90 | 0.9x |
| Broadview Heights, OH | 19,768 | 104 | 1.1x |
