Cost of living in Waterville 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 Waterville 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 Waterville is 106, with 100 being the average.
The cost of living index in Waterville is 1.1x higher than the national average.
Waterville ranks as the #246 cheapest in Ohio out of 289.
Waterville ranks as the #3,278 cheapest out of 6,489 in the US.
The median home value in Waterville is $336,509.
The median income in Waterville is $102,096.
According to the most recent data on the cost of living, Waterville has an overall cost of living index of 106, which is 1.1x higher than the national index of 100.
Compared to Ohio, Waterville has a cost of living index that's 1.1x higher than Ohio's index of 93.
The standard of living in Waterville ranks as #246 most affordable out of the 289 places we measured in Ohio. By definition, that implies Waterville ranks as the #43 most expensive place in the Buckeye State.
For more reading on life in Waterville, check out:
Six factors go into calculating the cost of living index in Waterville. Here is how it fairs on each of the criteria:
The Services index in Waterville is 104.
The Groceries index in Waterville is 99.
The Health index in Waterville is 87.
The Housing index in Waterville is 115.
The Transportation index in Waterville is 100.
The Utilities index in Waterville is 93.
| Living Expense | Waterville | Ohio | National Average | |
|---|---|---|---|---|
| Overall | 106 | 93 | 100 | |
| Services | 104 | 101 | 100 | |
| Groceries | 99 | 103 | 100 | |
| Health | 87 | 97 | 100 | |
| Housing | 115 | 74 | 100 | |
| Transportation | 100 | 102 | 100 | |
| Utilities | 93 | 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 Waterville is $336,509.
The Median Rent in Waterville is $1,386.
The Median Income in Waterville is $102,096.
The Home Value To Income in Waterville is 3.3x.
The Rent To Monthly Income in Waterville is 0.16x.
| Statistic | Waterville | Ohio | United States |
|---|---|---|---|
| Median Home Value | $336,509 | $240,287 | $303,400 |
| Median Rent | $1,386 | $988 | $1,348 |
| Median Income | $102,096 | $69,680 | $78,538 |
| Home Value To Income | 3.3x | 3.4x | 3.9x |
| Rent To Monthly Income | 0.16x | 0.17x | 0.21x |
| Item | Waterville | Ohio |
|---|---|---|
| Shampoo | $1.21 | $1.28 |
| Movie | $11.62 | $12.13 |
| Bowling | $11.78 | $18 |
| Haircut | $23.45 | $24.26 |
| Beauty Salon | $39.83 | $45.56 |
| Item | Waterville | Ohio |
|---|---|---|
| Ground Beef | $6.28 | $5.84 |
| Fried Chicken | $1.39 | $1.57 |
| Milk | $4.55 | $4.67 |
| Potatoes | $4.83 | $4.93 |
| Pizza | $11.74 | $12.09 |
| Beer | $10.79 | $10.41 |
| Toothpaste | $3.75 | $3.7 |
| Item | Waterville | Ohio |
|---|---|---|
| Optometrist | $82.43 | $125.68 |
| Doctor | $123.67 | $135.78 |
| Dentist | $92.0 | $113.29 |
| Item | Waterville | Ohio |
|---|---|---|
| Gasoline | $3.38 | $3.46 |
| Tire Balancing | $64.21 | $59.92 |
| Item | Waterville | Ohio |
|---|---|---|
| All Electricity | $180.12 | $193.99 |
| Phone | $184.9 | $192.25 |
The cost of living varies in the cities and towns around Waterville. Here's a quick look at the cost of living in the most populous nearby places:
Toledo, OH has a cost of living index of 87, 0.8x Waterville.
Bowling Green, OH has a cost of living index of 95, 0.9x Waterville.
Perrysburg, OH has a cost of living index of 107, 1.0x Waterville.
| City | Population | Cost Of Living | Vs. Waterville |
|---|---|---|---|
| Toledo, OH | 268,461 | 87 | 0.8x |
| Bowling Green, OH | 30,051 | 95 | 0.9x |
| Perrysburg, OH | 25,065 | 107 | 1.0x |
| Oregon, OH | 19,821 | 95 | 0.9x |
| Sylvania, OH | 19,038 | 98 | 0.9x |
| Maumee, OH | 13,765 | 97 | 0.9x |
| Lambertville, MI | 9,708 | 98 | 0.9x |
| Rossford, OH | 6,315 | 94 | 0.9x |
| Northwood, OH | 5,195 | 95 | 0.9x |