Cost of living in Pepper Pike 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 Pepper Pike 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 Pepper Pike is 131, with 100 being the average.
The cost of living index in Pepper Pike is 1.3x higher than the national average.
Pepper Pike ranks as the #284 cheapest in Ohio out of 286.
Pepper Pike ranks as the #5,294 cheapest out of 6,412 in the US.
The median home value in Pepper Pike is $455,700.
The median income in Pepper Pike is $190,703.
According to the most recent data on the cost of living, Pepper Pike has an overall cost of living index of 131, which is 1.3x higher than the national index of 100.
Compared to Ohio, Pepper Pike has a cost of living index that's 1.4x higher than Ohio's index of 91.
The standard of living in Pepper Pike ranks as #284 most affordable out of the 286 places we measured in Ohio. By definition, that implies Pepper Pike ranks as the #2 most expensive place in the Buckeye State.
For more reading on life in Pepper Pike, check out:
Six factors go into calculating the cost of living index in Pepper Pike. Here is how it fairs on each of the criteria:
The Services index in Pepper Pike is 101.
The Groceries index in Pepper Pike is 105.
The Health index in Pepper Pike is 111.
The Housing index in Pepper Pike is 198.
The Transportation index in Pepper Pike is 101.
The Utilities index in Pepper Pike is 94.
|Living Expense||Pepper Pike||Ohio||National Average|
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 Pepper Pike is $455,700.
The Median Rent in Pepper Pike is -.
The Median Income in Pepper Pike is $190,703.
The Home Value To Income in Pepper Pike is 2.4x.
The Rent To Monthly Income in Pepper Pike is nanx.
|Statistic||Pepper Pike||Ohio||United States|
|Median Home Value||$455,700||$159,900||$244,900|
|Home Value To Income||2.4x||2.6x||3.5x|
|Rent To Monthly Income||nanx||0.17x||0.2x|
The cost of living varies in the cities and towns around Pepper Pike. Here's a quick look at the cost of living in the most populous nearby places:
North Royalton, OH has a cost of living index of 101, 0.8x Pepper Pike.
Shaker Heights, OH has a cost of living index of 103, 0.8x Pepper Pike.
Solon, OH has a cost of living index of 114, 0.9x Pepper Pike.
|City||Population||Cost Of Living||Vs. Pepper Pike|
|North Royalton, OH||31,150||101||0.8x|
|Shaker Heights, OH||29,197||103||0.8x|
|Mayfield Heights, OH||20,113||95||0.7x|
|Broadview Heights, OH||19,820||104||0.8x|
|University Heights, OH||13,950||96||0.7x|