Vermilion, OH Cost Of Living
Cost Of Living In Vermilion, OH Summary
Cost of living in Vermilion 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 Vermilion 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 Vermilion is 94, with 100 being the average.
The cost of living index in Vermilion is 0.9x lower than the national average.
Vermilion ranks as the #188 cheapest in Ohio out of 286.
Vermilion ranks as the #2,290 cheapest out of 6,412 in the US.
The median home value in Vermilion is $137,300.
The median income in Vermilion is $69,080.
Table Of Contents
Vermilion's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Vermilion, OH?
According to the most recent data on the cost of living, Vermilion has an overall cost of living index of 94, which is 0.9x lower than the national index of 100.
Compared to Ohio, Vermilion has a cost of living index that's 1.0x higher than Ohio's index of 91.
The standard of living in Vermilion ranks as #188 most affordable out of the 286 places we measured in Ohio. By definition, that implies Vermilion ranks as the #98 most expensive place in the Buckeye State.
For more reading on life in Vermilion, check out:
- Living In Vermilion
- Vermilion Crime Report
- Search Homes For Sale In Vermilion, OH
In Ohio
In America
Vermilion Cost Of Living Vs. Ohio
Six factors go into calculating the cost of living index in Vermilion. Here is how it fairs on each of the criteria:
The Services index in Vermilion is 100.
The Groceries index in Vermilion is 104.
The Health index in Vermilion is 108.
The Housing index in Vermilion is 77.
The Transportation index in Vermilion is 101.
The Utilities index in Vermilion is 93.
| Living Expense | Vermilion | Ohio | National Average | |
|---|---|---|---|---|
| Overall | 94 | 91 | 100 | |
| Services | 100 | 98 | 100 | |
| Groceries | 104 | 101 | 100 | |
| Health | 108 | 95 | 100 | |
| Housing | 77 | 73 | 100 | |
| Transportation | 101 | 98 | 100 | |
| Utilities | 93 | 93 | 100 | |
Vermilion, 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 2017-2021. The key points are:
The Median Home Value in Vermilion is $137,300.
The Median Rent in Vermilion is $978.
The Median Income in Vermilion is $69,080.
The Home Value To Income in Vermilion is 2.0x.
The Rent To Monthly Income in Vermilion is 0.17x.
| Statistic | Vermilion | Ohio | United States |
|---|---|---|---|
| Median Home Value | $137,300 | $159,900 | $244,900 |
| Median Rent | $978 | $870 | $1,163 |
| Median Income | $69,080 | $61,938 | $69,021 |
| Home Value To Income | 2.0x | 2.6x | 3.5x |
| Rent To Monthly Income | 0.17x | 0.17x | 0.2x |
Median Home Value
Median Rent
Median Income
Vermilion, OH Costs By Category
Detailed Vermilion Services Costs Vs. Ohio
Detailed Vermilion Groceries Costs Vs. Ohio
Detailed Vermilion Health Costs Vs. Ohio
Detailed Vermilion Transportation Costs Vs. Ohio
Detailed Vermilion Utilities Costs Vs. Ohio
Vermilion SnackAbility
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Cost Of Living In Cities Around Vermilion
The cost of living varies in the cities and towns around Vermilion. Here's a quick look at the cost of living in the most populous nearby places:
Lorain, OH has a cost of living index of 87, 0.9x Vermilion.
Elyria, OH has a cost of living index of 86, 0.9x Vermilion.
North Ridgeville, OH has a cost of living index of 101, 1.1x Vermilion.
| City | Population | Cost Of Living | Vs. Vermilion |
|---|---|---|---|
| Lorain, OH | 65,051 | 87 | 0.9x |
| Elyria, OH | 52,853 | 86 | 0.9x |
| North Ridgeville, OH | 34,883 | 101 | 1.1x |
| Avon Lake, OH | 25,005 | 108 | 1.1x |
| Avon, OH | 24,542 | 113 | 1.2x |
| Norwalk, OH | 17,048 | 83 | 0.9x |
| Amherst, OH | 12,665 | 95 | 1.0x |
| Sheffield Lake, OH | 8,985 | 94 | 1.0x |
| Oberlin, OH | 8,253 | 87 | 0.9x |
| Huron, OH | 6,950 | 91 | 1.0x |
