Cost of living in Wadsworth 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 Wadsworth 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 Wadsworth is 93, with 100 being the average.
The cost of living index in Wadsworth is 0.9x lower than the national average.
Wadsworth ranks as the #141 cheapest in Ohio out of 289.
Wadsworth ranks as the #1,658 cheapest out of 6,489 in the US.
The median home value in Wadsworth is $311,148.
The median income in Wadsworth is $77,581.
According to the most recent data on the cost of living, Wadsworth has an overall cost of living index of 93, which is 0.9x lower than the national index of 100.
Compared to Ohio, Wadsworth has a cost of living index that's 1.0x lower than Ohio's index of 93.
The standard of living in Wadsworth ranks as #141 most affordable out of the 289 places we measured in Ohio. By definition, that implies Wadsworth ranks as the #148 most expensive place in the Buckeye State.
For more reading on life in Wadsworth, check out:
Six factors go into calculating the cost of living index in Wadsworth. Here is how it fairs on each of the criteria:
The Services index in Wadsworth is 90.
The Groceries index in Wadsworth is 103.
The Health index in Wadsworth is 96.
The Housing index in Wadsworth is 90.
The Transportation index in Wadsworth is 99.
The Utilities index in Wadsworth is 102.
| Living Expense | Wadsworth | Ohio | National Average | |
|---|---|---|---|---|
| Overall | 93 | 93 | 100 | |
| Services | 90 | 101 | 100 | |
| Groceries | 103 | 103 | 100 | |
| Health | 96 | 97 | 100 | |
| Housing | 90 | 74 | 100 | |
| Transportation | 99 | 102 | 100 | |
| Utilities | 102 | 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 Wadsworth is $311,148.
The Median Rent in Wadsworth is $1,024.
The Median Income in Wadsworth is $77,581.
The Home Value To Income in Wadsworth is 4.0x.
The Rent To Monthly Income in Wadsworth is 0.16x.
The cost of living varies in the cities and towns around Wadsworth. Here's a quick look at the cost of living in the most populous nearby places:
Cuyahoga Falls, OH has a cost of living index of 92, 1.0x Wadsworth.
Brunswick, OH has a cost of living index of 97, 1.0x Wadsworth.
Stow, OH has a cost of living index of 99, 1.1x Wadsworth.
| City | Population | Cost Of Living | Vs. Wadsworth |
|---|---|---|---|
| Cuyahoga Falls, OH | 50,864 | 92 | 1.0x |
| Brunswick, OH | 35,284 | 97 | 1.0x |
| Stow, OH | 34,317 | 99 | 1.1x |
| North Royalton, OH | 31,013 | 98 | 1.1x |
| Green, OH | 27,381 | 97 | 1.0x |
| Barberton, OH | 24,977 | 83 | 0.9x |
| Tallmadge, OH | 18,394 | 96 | 1.0x |
| New Franklin, OH | 13,830 | 95 | 1.0x |
| Norton, OH | 11,576 | 95 | 1.0x |
| Fairlawn, OH | 7,689 | 97 | 1.0x |