Portage Lakes, OH Cost Of Living
Cost Of Living In Portage Lakes, OH Summary
Cost of living in Portage Lakes 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 Portage Lakes 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 Portage Lakes is 93, with 100 being the average.
The cost of living index in Portage Lakes is 0.9x lower than the national average.
Portage Lakes ranks as the #141 cheapest in Ohio out of 289.
Portage Lakes ranks as the #1,658 cheapest out of 6,489 in the US.
The median home value in Portage Lakes is $199,636.
The median income in Portage Lakes is $66,027.
Table Of Contents
Portage Lakes's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Portage Lakes, OH?
According to the most recent data on the cost of living, Portage Lakes has an overall cost of living index of 93, which is 0.9x lower than the national index of 100.
Compared to Ohio, Portage Lakes has a cost of living index that's 1.0x lower than Ohio's index of 93.
The standard of living in Portage Lakes ranks as #141 most affordable out of the 289 places we measured in Ohio. By definition, that implies Portage Lakes ranks as the #148 most expensive place in the Buckeye State.
For more reading on life in Portage Lakes, check out:
In Ohio
In America
Portage Lakes Cost Of Living Vs. Ohio
Six factors go into calculating the cost of living index in Portage Lakes. Here is how it fairs on each of the criteria:
The Services index in Portage Lakes is 90.
The Groceries index in Portage Lakes is 99.
The Health index in Portage Lakes is 96.
The Housing index in Portage Lakes is 79.
The Transportation index in Portage Lakes is 100.
The Utilities index in Portage Lakes is 105.
| Living Expense | Portage Lakes | Ohio | National Average | |
|---|---|---|---|---|
| Overall | 93 | 93 | 100 | |
| Services | 90 | 101 | 100 | |
| Groceries | 99 | 103 | 100 | |
| Health | 96 | 97 | 100 | |
| Housing | 79 | 74 | 100 | |
| Transportation | 100 | 102 | 100 | |
| Utilities | 105 | 100 | 100 | |
Portage Lakes, 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 Portage Lakes is $199,636.
The Median Rent in Portage Lakes is $1,125.
The Median Income in Portage Lakes is $66,027.
The Home Value To Income in Portage Lakes is 3.0x.
The Rent To Monthly Income in Portage Lakes is 0.2x.
| Statistic | Portage Lakes | Ohio | United States |
|---|---|---|---|
| Median Home Value | $199,636 | $240,287 | $303,400 |
| Median Rent | $1,125 | $988 | $1,348 |
| Median Income | $66,027 | $69,680 | $78,538 |
| Home Value To Income | 3.0x | 3.4x | 3.9x |
| Rent To Monthly Income | 0.2x | 0.17x | 0.21x |
Median Home Value
Median Rent
Median Income
Portage Lakes, OH Costs By Category
Detailed Portage Lakes Services Costs Vs. Ohio
| Item | Portage Lakes | 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 Portage Lakes Groceries Costs Vs. Ohio
| Item | Portage Lakes | 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 Portage Lakes Health Costs Vs. Ohio
| Item | Portage Lakes | Ohio |
|---|---|---|
| Optometrist | $103.58 | $125.68 |
| Doctor | $119.67 | $135.78 |
| Dentist | $109.73 | $113.29 |
Detailed Portage Lakes Transportation Costs Vs. Ohio
| Item | Portage Lakes | Ohio |
|---|---|---|
| Gasoline | $3.41 | $3.46 |
| Tire Balancing | $57.76 | $59.92 |
Detailed Portage Lakes Utilities Costs Vs. Ohio
| Item | Portage Lakes | Ohio |
|---|---|---|
| All Electricity | $205.88 | $193.99 |
| Phone | $186.78 | $192.25 |
Portage Lakes SnackAbility
/10
Cost Of Living In Cities Around Portage Lakes
The cost of living varies in the cities and towns around Portage Lakes. Here's a quick look at the cost of living in the most populous nearby places:
Akron, OH has a cost of living index of 82, 0.9x Portage Lakes.
Stow, OH has a cost of living index of 99, 1.1x Portage Lakes.
Green, OH has a cost of living index of 97, 1.0x Portage Lakes.
| City | Population | Cost Of Living | Vs. Portage Lakes |
|---|---|---|---|
| Akron, OH | 189,526 | 82 | 0.9x |
| Stow, OH | 34,317 | 99 | 1.1x |
| Green, OH | 27,381 | 97 | 1.0x |
| Kent, OH | 27,190 | 93 | 1.0x |
| Barberton, OH | 24,977 | 83 | 0.9x |
| Wadsworth, OH | 24,302 | 93 | 1.0x |
| Hudson, OH | 23,007 | 125 | 1.3x |
| North Canton, OH | 17,746 | 94 | 1.0x |
| Streetsboro, OH | 17,514 | 92 | 1.0x |
| New Franklin, OH | 13,830 | 95 | 1.0x |
