Bay Village, OH Cost Of Living
Cost Of Living In Bay Village, OH Summary
Cost of living in Bay Village 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 Bay Village 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 Bay Village is 105, with 100 being the average.
The cost of living index in Bay Village is 1.1x higher than the national average.
Bay Village ranks as the #257 cheapest in Ohio out of 286.
Bay Village ranks as the #3,676 cheapest out of 6,412 in the US.
The median home value in Bay Village is $270,200.
The median income in Bay Village is $111,516.
Table Of Contents
Bay Village's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Bay Village, OH?
According to the most recent data on the cost of living, Bay Village has an overall cost of living index of 105, which is 1.1x higher than the national index of 100.
Compared to Ohio, Bay Village has a cost of living index that's 1.2x higher than Ohio's index of 91.
The standard of living in Bay Village ranks as #257 most affordable out of the 286 places we measured in Ohio. By definition, that implies Bay Village ranks as the #29 most expensive place in the Buckeye State.
For more reading on life in Bay Village, check out:
- Living In Bay Village
- Bay Village Crime Report
- Search Homes For Sale In Bay Village, OH
In Ohio
In America
Bay Village Cost Of Living Vs. Ohio
Six factors go into calculating the cost of living index in Bay Village. Here is how it fairs on each of the criteria:
The Services index in Bay Village is 99.
The Groceries index in Bay Village is 106.
The Health index in Bay Village is 108.
The Housing index in Bay Village is 114.
The Transportation index in Bay Village is 101.
The Utilities index in Bay Village is 93.
| Living Expense | Bay Village | Ohio | National Average | |
|---|---|---|---|---|
| Overall | 105 | 91 | 100 | |
| Services | 99 | 98 | 100 | |
| Groceries | 106 | 101 | 100 | |
| Health | 108 | 95 | 100 | |
| Housing | 114 | 73 | 100 | |
| Transportation | 101 | 98 | 100 | |
| Utilities | 93 | 93 | 100 | |
Bay Village, OH Housing Cost Breakdown
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 Bay Village is $270,200.
The Median Rent in Bay Village is $1,165.
The Median Income in Bay Village is $111,516.
The Home Value To Income in Bay Village is 2.4x.
The Rent To Monthly Income in Bay Village is 0.13x.
| Statistic | Bay Village | Ohio | United States |
|---|---|---|---|
| Median Home Value | $270,200 | $159,900 | $244,900 |
| Median Rent | $1,165 | $870 | $1,163 |
| Median Income | $111,516 | $61,938 | $69,021 |
| Home Value To Income | 2.4x | 2.6x | 3.5x |
| Rent To Monthly Income | 0.13x | 0.17x | 0.2x |
Median Home Value
Median Rent
Median Income
Bay Village, OH Costs By Category
Detailed Bay Village Services Costs Vs. Ohio
| Item | Bay Village | Ohio |
|---|---|---|
| Shampoo | $1.08 | $1.06 |
| Movie | $11.87 | $10.68 |
| Bowling | $16.87 | $14.67 |
| Haircut | $18.34 | $18.62 |
| Beauty Salon | $31.4 | $39.05 |
Detailed Bay Village Groceries Costs Vs. Ohio
| Item | Bay Village | Ohio |
|---|---|---|
| Ground Beef | $5.31 | $4.22 |
| Fried Chicken | $1.83 | $1.39 |
| Milk | $1.55 | $2.05 |
| Potatoes | $3.19 | $3.29 |
| Pizza | $11.49 | $10.62 |
| Beer | $9.17 | $9.38 |
| Toothpaste | $2.65 | $2.34 |
Detailed Bay Village Health Costs Vs. Ohio
| Item | Bay Village | Ohio |
|---|---|---|
| Optometrist | $86.0 | $108.57 |
| Doctor | $121.47 | $116.17 |
| Dentist | $119.67 | $99.13 |
Detailed Bay Village Transportation Costs Vs. Ohio
| Item | Bay Village | Ohio |
|---|---|---|
| Gasoline | $2.25 | $2.22 |
| Tire Balancing | $47.56 | $50.07 |
Detailed Bay Village Utilities Costs Vs. Ohio
| Item | Bay Village | Ohio |
|---|---|---|
| All Electricity | $154.37 | $167.67 |
| Phone | $180.6 | $175.64 |
Bay Village SnackAbility
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