Cost of living in Rocky River 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 Rocky River 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 Rocky River is 102, with 100 being the average.
The cost of living index in Rocky River is 1.0x higher than the national average.
Rocky River ranks as the #247 cheapest in Ohio out of 286.
Rocky River ranks as the #3,380 cheapest out of 6,412 in the US.
The median home value in Rocky River is $272,100.
The median income in Rocky River is $83,929.
According to the most recent data on the cost of living, Rocky River has an overall cost of living index of 102, which is 1.0x higher than the national index of 100.
Compared to Ohio, Rocky River has a cost of living index that's 1.1x higher than Ohio's index of 91.
The standard of living in Rocky River ranks as #247 most affordable out of the 286 places we measured in Ohio. By definition, that implies Rocky River ranks as the #39 most expensive place in the Buckeye State.
For more reading on life in Rocky River, check out:
Six factors go into calculating the cost of living index in Rocky River. Here is how it fairs on each of the criteria:
The Services index in Rocky River is 103.
The Groceries index in Rocky River is 104.
The Health index in Rocky River is 110.
The Housing index in Rocky River is 106.
The Transportation index in Rocky River is 101.
The Utilities index in Rocky River is 97.
|Living Expense||Rocky River||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 Rocky River is $272,100.
The Median Rent in Rocky River is $980.
The Median Income in Rocky River is $83,929.
The Home Value To Income in Rocky River is 3.2x.
The Rent To Monthly Income in Rocky River is 0.14x.
|Statistic||Rocky River||Ohio||United States|
|Median Home Value||$272,100||$159,900||$244,900|
|Home Value To Income||3.2x||2.6x||3.5x|
|Rent To Monthly Income||0.14x||0.17x||0.2x|
The cost of living varies in the cities and towns around Rocky River. Here's a quick look at the cost of living in the most populous nearby places:
Lakewood, OH has a cost of living index of 95, 0.9x Rocky River.
Strongsville, OH has a cost of living index of 99, 1.0x Rocky River.
North Ridgeville, OH has a cost of living index of 101, 1.0x Rocky River.
|City||Population||Cost Of Living||Vs. Rocky River|
|North Ridgeville, OH||34,883||101||1.0x|
|North Olmsted, OH||32,371||96||0.9x|
|North Royalton, OH||31,150||101||1.0x|
|Shaker Heights, OH||29,197||103||1.0x|
|Avon Lake, OH||25,005||108||1.1x|
|Broadview Heights, OH||19,820||104||1.0x|