Cost of living in Willowick 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 Willowick 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 Willowick is 90, with 100 being the average.
The cost of living index in Willowick is 0.9x lower than the national average.
Willowick ranks as the #98 cheapest in Ohio out of 289.
Willowick ranks as the #1,206 cheapest out of 6,489 in the US.
The median home value in Willowick is $190,201.
The median income in Willowick is $74,138.
According to the most recent data on the cost of living, Willowick has an overall cost of living index of 90, which is 0.9x lower than the national index of 100.
Compared to Ohio, Willowick has a cost of living index that's 1.0x lower than Ohio's index of 93.
The standard of living in Willowick ranks as #98 most affordable out of the 289 places we measured in Ohio. By definition, that implies Willowick ranks as the #191 most expensive place in the Buckeye State.
For more reading on life in Willowick, check out:
Six factors go into calculating the cost of living index in Willowick. Here is how it fairs on each of the criteria:
The Services index in Willowick is 94.
The Groceries index in Willowick is 102.
The Health index in Willowick is 95.
The Housing index in Willowick is 73.
The Transportation index in Willowick is 96.
The Utilities index in Willowick is 104.
| Living Expense | Willowick | Ohio | National Average | |
|---|---|---|---|---|
| Overall | 90 | 93 | 100 | |
| Services | 94 | 101 | 100 | |
| Groceries | 102 | 103 | 100 | |
| Health | 95 | 97 | 100 | |
| Housing | 73 | 74 | 100 | |
| Transportation | 96 | 102 | 100 | |
| Utilities | 104 | 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 Willowick is $190,201.
The Median Rent in Willowick is $1,021.
The Median Income in Willowick is $74,138.
The Home Value To Income in Willowick is 2.6x.
The Rent To Monthly Income in Willowick is 0.17x.
The cost of living varies in the cities and towns around Willowick. Here's a quick look at the cost of living in the most populous nearby places:
Euclid, OH has a cost of living index of 83, 0.9x Willowick.
Shaker Heights, OH has a cost of living index of 106, 1.2x Willowick.
Solon, OH has a cost of living index of 113, 1.3x Willowick.
| City | Population | Cost Of Living | Vs. Willowick |
|---|---|---|---|
| Euclid, OH | 48,991 | 83 | 0.9x |
| Shaker Heights, OH | 29,004 | 106 | 1.2x |
| Solon, OH | 23,970 | 113 | 1.3x |
| Willoughby, OH | 23,934 | 95 | 1.1x |
| Eastlake, OH | 17,538 | 89 | 1.0x |
| Lyndhurst, OH | 13,854 | 95 | 1.1x |
| Beachwood, OH | 13,850 | 117 | 1.3x |
| University Heights, OH | 13,508 | 99 | 1.1x |
| Wickliffe, OH | 12,639 | 90 | 1.0x |
| Richmond Heights, OH | 10,677 | 92 | 1.0x |