Sheffield Lake, OH Cost Of Living

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Updated: 2020-03-08
Sheffield Lake's Overall Cost Of Living
Lower Than The National Average
The cost of living index is set to 100 for the average place in America. An index above 100 means Sheffield Lake is expensive, while a number below 100 means it's a relatively cheap place to live.

What is the cost of living in Sheffield Lake, OH?

According to the most recent data on the cost of living, Sheffield Lake has an overall cost of living index of 92 which is 0.9x lower than the national index of 100.

Compared to only Ohio, Sheffield Lake has a cost of living index that's 1.0x higher than Ohio's index of 91.

The standard of living in Sheffield Lake ranks as #2060 most affordable out of the 6522 places we measured in Ohio. By definition, that implies Sheffield Lake ranks as the #4346 most expensive place in the Buckeye State.

Sheffield Lake Cost Of Living Vs. Ohio

Living Expense Sheffield Lake Ohio National Average
Overall 92 91 100
Services 101 100 100
Groceries 106 98 100
Health 106 96 100
Housing 71 73 100
Transportation 103 102 100
Utilities 94 91 100
For more reading on cost of living around Ohio, check out:
Sheffield Lake Cost of Living Vs. OH

Sheffield Lake, OH Housing Cost Breakdown

Housing swings affordability the most between places in Ohio, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.

Home and income come data comes from the most recent US Census ACS 2014-2018.

Median Home Value
Median Rent
Median Income
Statistic Sheffield Lake Ohio United States
Median Home Value $109,900 $140,000 $204,900
Median Rent $932 $788 $1,023
Median Income $63,902 $54,533 $60,293
Home Value To Income 1.7x 2.6x 3.4x
Rent To Monthly Income 0.18x 0.17x 0.2x

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Cost Of Living In Cities Around Sheffield Lake

City Population Cost Of Living Vs. Sheffield Lake
Lorain, OH 63,773 87 0.9x
Elyria, OH 53,910 89 1.0x
Lakewood, OH 50,553 93 1.0x
Strongsville, OH 44,752 102 1.1x
North Ridgeville, OH 32,954 99 1.1x
Westlake, OH 32,378 108 1.2x
North Olmsted, OH 31,888 96 1.0x
Avon Lake, OH 23,777 107 1.2x
Avon, OH 22,786 112 1.2x
Rocky River, OH 20,310 104 1.1x

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