Cost of Living in Niles, OH

Housing

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

• Housing Index: 88.5 / 100
• Median Home Price is: $131000
• Average Rent (2 BR Apartment): $820 per month
• Average Rent (2 BR House): $872 per month

Considering moving to Niles, OH? The housing index of 88.5 suggests a moderately affordable market. With a median home price of 131000, homeownership could be a feasible option. Renting remains economical, with average rents for a 2-bedroom apartment at 820 and a house about 872. This attractive rental landscape alongside relatively low purchase prices may appeal to both first-time buyers and renters eager to enjoy urban amenities. Evaluate your lifestyle alongside these numbers to make an informed decision about your potential move.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Niles, 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.): $250 per month

Living in Niles, 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 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 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: 92.3

Median Income

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

• Median Income: $48860

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 Niles, 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.