Beachwood, OH Cost Of Living
Cost Of Living In Beachwood, OH Summary
Cost of living in Beachwood 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 Beachwood 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 Beachwood is 116, with 100 being the average.
The cost of living index in Beachwood is 1.2x higher than the national average.
Beachwood ranks as the #277 cheapest in Ohio out of 286.
Beachwood ranks as the #4,558 cheapest out of 6,412 in the US.
The median home value in Beachwood is $322,500.
The median income in Beachwood is $94,274.
Table Of Contents
Beachwood's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Beachwood, OH?
According to the most recent data on the cost of living, Beachwood has an overall cost of living index of 116, which is 1.2x higher than the national index of 100.
Compared to Ohio, Beachwood has a cost of living index that's 1.3x higher than Ohio's index of 91.
The standard of living in Beachwood ranks as #277 most affordable out of the 286 places we measured in Ohio. By definition, that implies Beachwood ranks as the #9 most expensive place in the Buckeye State.
For more reading on life in Beachwood, check out:
- Living In Beachwood
- Beachwood Crime Report
- Search Homes For Sale In Beachwood, OH
In Ohio
In America
Beachwood Cost Of Living Vs. Ohio
Six factors go into calculating the cost of living index in Beachwood. Here is how it fairs on each of the criteria:
The Services index in Beachwood is 103.
The Groceries index in Beachwood is 102.
The Health index in Beachwood is 110.
The Housing index in Beachwood is 152.
The Transportation index in Beachwood is 101.
The Utilities index in Beachwood is 95.
| Living Expense | Beachwood | Ohio | National Average | |
|---|---|---|---|---|
| Overall | 116 | 91 | 100 | |
| Services | 103 | 98 | 100 | |
| Groceries | 102 | 101 | 100 | |
| Health | 110 | 95 | 100 | |
| Housing | 152 | 73 | 100 | |
| Transportation | 101 | 98 | 100 | |
| Utilities | 95 | 93 | 100 | |
Beachwood, 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 Beachwood is $322,500.
The Median Rent in Beachwood is $1,841.
The Median Income in Beachwood is $94,274.
The Home Value To Income in Beachwood is 3.4x.
The Rent To Monthly Income in Beachwood is 0.23x.
| Statistic | Beachwood | Ohio | United States |
|---|---|---|---|
| Median Home Value | $322,500 | $159,900 | $244,900 |
| Median Rent | $1,841 | $870 | $1,163 |
| Median Income | $94,274 | $61,938 | $69,021 |
| Home Value To Income | 3.4x | 2.6x | 3.5x |
| Rent To Monthly Income | 0.23x | 0.17x | 0.2x |
Median Home Value
Median Rent
Median Income
Beachwood, OH Costs By Category
Detailed Beachwood Services Costs Vs. Ohio
Detailed Beachwood Groceries Costs Vs. Ohio
Detailed Beachwood Health Costs Vs. Ohio
Detailed Beachwood Transportation Costs Vs. Ohio
Detailed Beachwood Utilities Costs Vs. Ohio
Beachwood SnackAbility
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Cost Of Living In Cities Around Beachwood
The cost of living varies in the cities and towns around Beachwood. Here's a quick look at the cost of living in the most populous nearby places:
Shaker Heights, OH has a cost of living index of 103, 0.9x Beachwood.
Solon, OH has a cost of living index of 114, 1.0x Beachwood.
Hudson, OH has a cost of living index of 124, 1.1x Beachwood.
| City | Population | Cost Of Living | Vs. Beachwood |
|---|---|---|---|
| Shaker Heights, OH | 29,197 | 103 | 0.9x |
| Solon, OH | 24,070 | 114 | 1.0x |
| Hudson, OH | 23,001 | 124 | 1.1x |
| South Euclid, OH | 21,882 | 92 | 0.8x |
| Rocky River, OH | 21,515 | 102 | 0.9x |
| Broadview Heights, OH | 19,820 | 104 | 0.9x |
| Lyndhurst, OH | 13,980 | 95 | 0.8x |
| University Heights, OH | 13,950 | 96 | 0.8x |
| Warrensville Heights, OH | 13,694 | 88 | 0.8x |
| Macedonia, OH | 12,083 | 103 | 0.9x |
