Cost of living in Wooster 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 Wooster 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 Wooster is 84, with 100 being the average.
The cost of living index in Wooster is 0.8x lower than the national average.
Wooster ranks as the #40 cheapest in Ohio out of 286.
Wooster ranks as the #629 cheapest out of 6,412 in the US.
The median home value in Wooster is $156,200.
The median income in Wooster is $55,598.
According to the most recent data on the cost of living, Wooster has an overall cost of living index of 84, which is 0.8x lower than the national index of 100.
Compared to Ohio, Wooster has a cost of living index that's 0.9x lower than Ohio's index of 91.
The standard of living in Wooster ranks as #40 most affordable out of the 286 places we measured in Ohio. By definition, that implies Wooster ranks as the #246 most expensive place in the Buckeye State.
For more reading on life in Wooster, check out:
Six factors go into calculating the cost of living index in Wooster. Here is how it fairs on each of the criteria:
The Services index in Wooster is 91.
The Groceries index in Wooster is 104.
The Health index in Wooster is 87.
The Housing index in Wooster is 67.
The Transportation index in Wooster is 90.
The Utilities index in Wooster is 95.
|Living Expense||Wooster||Ohio||National Average|
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 Wooster is $156,200.
The Median Rent in Wooster is $791.
The Median Income in Wooster is $55,598.
The Home Value To Income in Wooster is 2.8x.
The Rent To Monthly Income in Wooster is 0.17x.
|Median Home Value||$156,200||$159,900||$244,900|
|Home Value To Income||2.8x||2.6x||3.5x|
|Rent To Monthly Income||0.17x||0.17x||0.2x|
The cost of living varies in the cities and towns around Wooster. Here's a quick look at the cost of living in the most populous nearby places:
Strongsville, OH has a cost of living index of 99, 1.2x Wooster.
Westlake, OH has a cost of living index of 109, 1.3x Wooster.
North Olmsted, OH has a cost of living index of 96, 1.1x Wooster.
|City||Population||Cost Of Living||Vs. Wooster|
|North Olmsted, OH||32,371||96||1.1x|
|Shaker Heights, OH||29,197||103||1.2x|
|Rocky River, OH||21,515||102||1.2x|
|Broadview Heights, OH||19,820||104||1.2x|