Cost of Living in North olmsted, OH
Housing
The housing market plays a significant role in determining the cost of living in North olmsted, OH.
- Housing Index: 110.0 / 100
- Median Home Price is: $229000
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1230 per month
When considering a move to North olmsted, OH, it’s important to evaluate the housing landscape. With a housing index of 110.0, costs may be above the national average, indicating a competitive market. Current median home prices are around 229000, making homeownership an achievable goal for many. Meanwhile, the average rent for a 2-bedroom apartment is approximately 1200 and from 1230 for a 2-bedroom house. Overall, it remains crucial to weigh both the affordability of renting versus buying, especially with trends showing rising demand in many suburban areas across the nation.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in North olmsted, 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 North olmsted, 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 North olmsted is a financially viable option for your relocation.