Cost of Living in London, OH
Housing
The housing market plays a significant role in determining the cost of living in London, OH.
- Housing Index: 85.0 / 100
- Median Home Price is: $224,000
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1245 per month
Situated in London, OH, the current housing index stands at 85.0, indicating a moderately affordable market compared to national averages. With a median home price of 224000, homeownership could be within reach for many. Alternatively, renters might consider the monthly expenses, with average rents for a 2-bedroom apartment and house priced at 1200 and 1245 respectively. Overall, London presents a balanced opportunity for both potential homeowners and renters, combining reasonable housing options with a decent quality of life, supported by its local amenities and community appeal.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in London, OH.
- Electricity Price: $15.92 USD (median by state)
- Natural Gas Price: Data is updating (median by state)
- Other Utilities (water, garbage, etc.): $200 per month
Living in London, OH could entail higher utility costs. Electricity costs sit at $15.92, while natural gas is priced at data unavailable per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $200 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if London is a financially viable option for your relocation.