Cost of living in Tallmadge 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 Tallmadge 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 Tallmadge is 96, with 100 being the average.
The cost of living index in Tallmadge is 1.0x lower than the national average.
Tallmadge ranks as the #210 cheapest in Ohio out of 286.
Tallmadge ranks as the #2,601 cheapest out of 6,412 in the US.
The median home value in Tallmadge is $184,700.
The median income in Tallmadge is $79,233.
According to the most recent data on the cost of living, Tallmadge has an overall cost of living index of 96, which is 1.0x lower than the national index of 100.
Compared to Ohio, Tallmadge has a cost of living index that's 1.1x higher than Ohio's index of 91.
The standard of living in Tallmadge ranks as #210 most affordable out of the 286 places we measured in Ohio. By definition, that implies Tallmadge ranks as the #76 most expensive place in the Buckeye State.
For more reading on life in Tallmadge, check out:
Six factors go into calculating the cost of living index in Tallmadge. Here is how it fairs on each of the criteria:
The Services index in Tallmadge is 101.
The Groceries index in Tallmadge is 105.
The Health index in Tallmadge is 103.
The Housing index in Tallmadge is 84.
The Transportation index in Tallmadge is 95.
The Utilities index in Tallmadge is 102.
|Living Expense||Tallmadge||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 Tallmadge is $184,700.
The Median Rent in Tallmadge is $865.
The Median Income in Tallmadge is $79,233.
The Home Value To Income in Tallmadge is 2.3x.
The Rent To Monthly Income in Tallmadge is 0.13x.
|Median Home Value||$184,700||$159,900||$244,900|
|Home Value To Income||2.3x||2.6x||3.5x|
|Rent To Monthly Income||0.13x||0.17x||0.2x|
The cost of living varies in the cities and towns around Tallmadge. 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 87, 0.9x Tallmadge.
Stow, OH has a cost of living index of 99, 1.0x Tallmadge.
Kent, OH has a cost of living index of 94, 1.0x Tallmadge.
|City||Population||Cost Of Living||Vs. Tallmadge|
|Broadview Heights, OH||19,820||104||1.1x|