Cost of living in Ashland 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 Ashland is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Ohio, 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 Ashland is 81, with 100 being the average.
The cost of living index in Ashland is 0.8x lower than the national average.
Ashland ranks as the #12 cheapest in Ohio out of 286.
Ashland ranks as the #290 cheapest out of 6,412 in the US.
The median home value in Ashland is $114,600.
The median income in Ashland is $51,224.
According to the most recent data on the cost of living, Ashland has an overall cost of living index of 81, which is 0.8x lower than the national index of 100.
Compared to Ohio, Ashland has a cost of living index that's 0.9x lower than Ohio's index of 91.
The standard of living in Ashland ranks as #12 most affordable out of the 286 places we measured in Ohio. By definition, that implies Ashland ranks as the #274 most expensive place in the Buckeye State.
For more reading on life in Ashland, check out:
Six factors go into calculating the cost of living index in Ashland. Here is how it fairs on each of the criteria:
The Services index in Ashland is 87.
The Groceries index in Ashland is 101.
The Health index in Ashland is 86.
The Housing index in Ashland is 60.
The Transportation index in Ashland is 93.
The Utilities index in Ashland is 93.
Living Expense | Ashland | Ohio | National Average | |
---|---|---|---|---|
Overall | 81 | 91 | 100 | |
Services | 87 | 98 | 100 | |
Groceries | 101 | 101 | 100 | |
Health | 86 | 95 | 100 | |
Housing | 60 | 73 | 100 | |
Transportation | 93 | 98 | 100 | |
Utilities | 93 | 93 | 100 |
Housing swings affordability the most between places in Ohio, 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 Ashland is $114,600.
The Median Rent in Ashland is $748.
The Median Income in Ashland is $51,224.
The Home Value To Income in Ashland is 2.2x.
The Rent To Monthly Income in Ashland is 0.18x.
Statistic | Ashland | Ohio | United States |
---|---|---|---|
Median Home Value | $114,600 | $159,900 | $244,900 |
Median Rent | $748 | $870 | $1,163 |
Median Income | $51,224 | $61,938 | $69,021 |
Home Value To Income | 2.2x | 2.6x | 3.5x |
Rent To Monthly Income | 0.18x | 0.17x | 0.2x |
The cost of living varies in the cities and towns around Ashland. Here's a quick look at the cost of living in the most populous nearby places:
Strongsville, OH has a cost of living index of 99, 1.2x Ashland.
North Ridgeville, OH has a cost of living index of 101, 1.2x Ashland.
Westlake, OH has a cost of living index of 109, 1.3x Ashland.
City | Population | Cost Of Living | Vs. Ashland |
---|---|---|---|
Strongsville, OH | 46,187 | 99 | 1.2x |
North Ridgeville, OH | 34,883 | 101 | 1.2x |
Westlake, OH | 34,049 | 109 | 1.3x |
North Olmsted, OH | 32,371 | 96 | 1.2x |
North Royalton, OH | 31,150 | 101 | 1.2x |
Avon Lake, OH | 25,005 | 108 | 1.3x |
Rocky River, OH | 21,515 | 102 | 1.3x |
Broadview Heights, OH | 19,820 | 104 | 1.3x |
Seven Hills, OH | 11,696 | 101 | 1.2x |
Olmsted Falls, OH | 8,684 | 94 | 1.2x |