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 1.1x higher than Ohio's index of 90.
The standard of living in Olmsted Falls ranks as #191 most affordable out of the 284 places we measured in Ohio. By definition, that implies Olmsted Falls ranks as the #93 most expensive place in the Buckeye State.
For more reading on life in Olmsted Falls, check out:
Olmsted Falls Cost Of Living Vs. Ohio
Six factors go into calculating the cost of living index in Olmsted Falls. Here is how it fares on each of the criteria:
The Services index in Olmsted Falls is 95.
The Groceries index in Olmsted Falls is 98.
The Health index in Olmsted Falls is 91.
The Housing index in Olmsted Falls is 94.
The Transportation index in Olmsted Falls is 95.
The Utilities index in Olmsted Falls is 100.
| Living Expense | Olmsted Falls | Ohio | National Average |
|---|---|---|---|
| Overall | 95 | 90 | 100 |
| Services | 95 | 97 | 100 |
| Groceries | 98 | 97 | 100 |
| Health | 91 | 75 | 100 |
| Housing | 94 | 97 | 100 |
| Transportation | 95 | 95 | 100 |
| Utilities | 100 | 97 | 100 |
Olmsted Falls Cost Of Living Compared To Ohio Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around Ohio, check out:
Protect your home budget Compare home warranties in Olmsted Falls Get matched →Source: Cost-of-living index 2026, normalized to US average = 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 2020-2024. The key points are:
The Median Home Value in Olmsted Falls is $297,060.
The Median Rent in Olmsted Falls is $1,241.
The Median Income in Olmsted Falls is $96,837.
The Home Value To Income in Olmsted Falls is 3.1x.
The Rent To Monthly Income in Olmsted Falls is 0.15x.
| Statistic | Olmsted Falls | Ohio | United States |
|---|---|---|---|
| Median Home Value | $297,060 | $242,141 | $332,700 |
| Median Rent | $1,241 | $1,034 | $1,413 |
| Median Income | $96,837 | $71,389 | $80,734 |
| Home Value To Income | 3.1x | 3.4x | 4.1x |
| Rent To Monthly Income | 0.15x | 0.17x | 0.21x |
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
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 101, 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 | 45,983 | 101 | 1.1x |
| North Ridgeville, OH | 36,627 | 100 | 1.1x |
| Westlake, OH | 34,104 | 110 | 1.2x |
| North Olmsted, OH | 31,924 | 96 | 1.0x |
| North Royalton, OH | 30,972 | 102 | 1.1x |
| Shaker Heights, OH | 28,922 | 103 | 1.1x |
| Avon Lake, OH | 25,752 | 110 | 1.2x |
| Rocky River, OH | 21,490 | 108 | 1.1x |
| Parma Heights, OH | 20,581 | 90 | 0.9x |
| Broadview Heights, OH | 19,771 | 101 | 1.1x |
