Cost of Living in Medway, OH
Housing
The housing market plays a significant role in determining the cost of living in Medway, OH.
- Housing Index: 90.0 / 100
- Median Home Price is: $125,000
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1280 per month
Considering moving to Medway, OH? With a housing index of 90.0, the housing market here appears quite accessible. The median home price is notably low at 125000, making homeownership feasible for many, while rent for a 2-bedroom apartment averages 1200 and houses around 1280. This makes transitioning to a house possibly more economical than renting over time. Be mindful of local amenities and economic opportunities, as they can enhance your lifestyle quality relative to your housing investment.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Medway, OH.
- Electricity Price: $15.92 USD (median by state)
- Natural Gas Price: Data is updating (median by state)
- Other Utilities (water, garbage, etc.): $250 per month
Living in Medway, 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 $250 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 Medway is a financially viable option for your relocation.