Cost of Living in Vermilion, OH
Housing
The housing market plays a significant role in determining the cost of living in Vermilion, OH.
- Housing Index: 85.5 / 100
- Median Home Price is: $224,900
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1245 per month
Considering a move to Vermilion, OH? With a housing index of 85.5, property values may be more manageable compared to national averages. The median home price stands at 224900, making it a compelling option for buyers. Renting a 2-bedroom apartment costs about 1200, while a house averages 1245. This suggests that renting may be a viable temporary solution before making a home purchase. Overall, cautious financial planning can allow for a seamless transition into this vibrant community, balancing rent affordability with potential future investment opportunities.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Vermilion, 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 Vermilion, 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 Vermilion is a financially viable option for your relocation.