Cost of living in Van Wert 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 Van Wert 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 Van Wert is 92, with 100 being the average.
The cost of living index in Van Wert is 0.9x lower than the national average.
Van Wert ranks as the #123 cheapest in Ohio out of 289.
Van Wert ranks as the #1,501 cheapest out of 6,489 in the US.
The median home value in Van Wert is $180,763.
The median income in Van Wert is $53,632.
According to the most recent data on the cost of living, Van Wert has an overall cost of living index of 92, which is 0.9x lower than the national index of 100.
Compared to Ohio, Van Wert has a cost of living index that's 1.0x lower than Ohio's index of 93.
The standard of living in Van Wert ranks as #123 most affordable out of the 289 places we measured in Ohio. By definition, that implies Van Wert ranks as the #166 most expensive place in the Buckeye State.
For more reading on life in Van Wert, check out:
Six factors go into calculating the cost of living index in Van Wert. Here is how it fairs on each of the criteria:
The Services index in Van Wert is 107.
The Groceries index in Van Wert is 104.
The Health index in Van Wert is 113.
The Housing index in Van Wert is 57.
The Transportation index in Van Wert is 117.
The Utilities index in Van Wert is 101.
| Living Expense | Van Wert | Ohio | National Average | |
|---|---|---|---|---|
| Overall | 92 | 93 | 100 | |
| Services | 107 | 101 | 100 | |
| Groceries | 104 | 103 | 100 | |
| Health | 113 | 97 | 100 | |
| Housing | 57 | 74 | 100 | |
| Transportation | 117 | 102 | 100 | |
| Utilities | 101 | 100 | 100 | |
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 Van Wert is $180,763.
The Median Rent in Van Wert is $739.
The Median Income in Van Wert is $53,632.
The Home Value To Income in Van Wert is 3.4x.
The Rent To Monthly Income in Van Wert is 0.17x.
The cost of living varies in the cities and towns around Van Wert. Here's a quick look at the cost of living in the most populous nearby places:
Sidney, OH has a cost of living index of 96, 1.0x Van Wert.
Defiance, OH has a cost of living index of 93, 1.0x Van Wert.
Celina, OH has a cost of living index of 94, 1.0x Van Wert.
| City | Population | Cost Of Living | Vs. Van Wert |
|---|---|---|---|
| Sidney, OH | 20,457 | 96 | 1.0x |
| Defiance, OH | 16,830 | 93 | 1.0x |
| Celina, OH | 11,017 | 94 | 1.0x |
| Wapakoneta, OH | 9,867 | 92 | 1.0x |
| Bryan, OH | 8,664 | 84 | 0.9x |
| St. Marys, OH | 8,319 | 94 | 1.0x |
| Delphos, OH | 7,063 | 90 | 1.0x |
| Union, OH | 6,930 | 93 | 1.0x |