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: $245,000
- 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: Data is updating (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 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 Columbus is a financially viable option for your relocation.