Cost of living in Dayton research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Dayton is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Kentucky, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Dayton is 89, with 100 being the average.
The cost of living index in Dayton is 0.9x lower than the national average.
Dayton ranks as the #35 cheapest in Kentucky out of 85.
Dayton ranks as the #1,460 cheapest out of 6,412 in the US.
The median home value in Dayton is $112,800.
The median income in Dayton is $55,130.
According to the most recent data on the cost of living, Dayton has an overall cost of living index of 89, which is 0.9x lower than the national index of 100.
Compared to Kentucky, Dayton has a cost of living index that's 0.9x lower than Kentucky's index of 94.
The standard of living in Dayton ranks as #35 most affordable out of the 85 places we measured in Kentucky. By definition, that implies Dayton ranks as the #50 most expensive place in the Bluegrass State.
For more reading on life in Dayton, check out:
Six factors go into calculating the cost of living index in Dayton. Here is how it fairs on each of the criteria:
The Services index in Dayton is 98.
The Groceries index in Dayton is 95.
The Health index in Dayton is 101.
The Housing index in Dayton is 59.
The Transportation index in Dayton is 108.
The Utilities index in Dayton is 89.
Living Expense | Dayton | Kentucky | National Average | |
---|---|---|---|---|
Overall | 89 | 94 | 100 | |
Services | 98 | 105 | 100 | |
Groceries | 95 | 97 | 100 | |
Health | 101 | 79 | 100 | |
Housing | 59 | 75 | 100 | |
Transportation | 108 | 102 | 100 | |
Utilities | 89 | 106 | 100 |
Housing swings affordability the most between places in Kentucky, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Dayton is $112,800.
The Median Rent in Dayton is $840.
The Median Income in Dayton is $55,130.
The Home Value To Income in Dayton is 2.0x.
The Rent To Monthly Income in Dayton is 0.18x.
Statistic | Dayton | Kentucky | United States |
---|---|---|---|
Median Home Value | $112,800 | $155,100 | $244,900 |
Median Rent | $840 | $826 | $1,163 |
Median Income | $55,130 | $55,454 | $69,021 |
Home Value To Income | 2.0x | 2.8x | 3.5x |
Rent To Monthly Income | 0.18x | 0.18x | 0.2x |
The cost of living varies in the cities and towns around Dayton. Here's a quick look at the cost of living in the most populous nearby places:
Cincinnati, OH has a cost of living index of 87, 1.0x Dayton.
Mason, OH has a cost of living index of 104, 1.2x Dayton.
Norwood, OH has a cost of living index of 89, 1.0x Dayton.
City | Population | Cost Of Living | Vs. Dayton |
---|---|---|---|
Cincinnati, OH | 308,664 | 87 | 1.0x |
Mason, OH | 34,337 | 104 | 1.2x |
Norwood, OH | 18,983 | 89 | 1.0x |
Fort Thomas, KY | 17,241 | 101 | 1.1x |
Newport, KY | 14,378 | 89 | 1.0x |
Monfort Heights, OH | 13,221 | 98 | 1.1x |
Mack, OH | 11,452 | 104 | 1.2x |
Montgomery, OH | 10,796 | 115 | 1.3x |
Forestville, OH | 10,485 | 99 | 1.1x |
Madeira, OH | 9,397 | 110 | 1.2x |