Cost of Living in Columbus, OH

Housing

The housing market plays a significant role in determining the cost of living in Columbus, OH.

• Housing Index: 100.0 / 100
• Median Home Price is: $245000
• Average Rent (2 BR Apartment): $1200 per month
• Average Rent (2 BR House): $1400 per month

Considering the housing statistics for Columbus, OH, you'll find that it maintains a balanced housing index of 100.0. With a median home price of 245000, purchasing a home can be seen as a sound investment, especially compared to the average rent for a 2-bedroom apartment at 1200 and a house at 1400. Over time, owning property typically leads to wealth accumulation. Additionally, it’s beneficial to evaluate longer-term trends in the local market and community amenities before making your decision.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Columbus, OH.

• Electricity Price: 15.92 USD (median by state)
• Natural Gas Price: $None USD per Thousand Cubic Feet (median by state)
• Other Utilities (water, garbage, etc.): $200 per month

Living in Columbus, OH could entail higher utility costs. Electricity costs sit at 15.92, while natural gas is priced at None 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 Bethlehem is a financially viable option for your relocation.

Cost of Living Index

The cost of living index is a widely used metric to determine the relative affordability of cities and towns.

• Index score: 105.3

Median Income

The median income is an important factor to consider when evaluating the affordability of a city or town.

• Median Income: $62994

Educational and Social Amenities

Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.

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Summary

When considering a move to Columbus, OH, consider the following factors:

• Taxes: State income, property, and local income taxes can significantly impact your take-home pay.
• Job opportunities: The availability of jobs in your field can affect your quality of life.
• Cost of living: Housing costs, utilities, transportation, and other expenses should be considered when evaluating the affordability of a city or town.