Cost of living in Brooklyn 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 Brooklyn 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 Brooklyn is 89, with 100 being the average.
The cost of living index in Brooklyn is 0.9x lower than the national average.
Brooklyn ranks as the #125 cheapest in Ohio out of 286.
Brooklyn ranks as the #1,460 cheapest out of 6,412 in the US.
The median home value in Brooklyn is $119,700.
The median income in Brooklyn is $54,634.
According to the most recent data on the cost of living, Brooklyn has an overall cost of living index of 89, which is 0.9x lower than the national index of 100.
Compared to Ohio, Brooklyn has a cost of living index that's 1.0x lower than Ohio's index of 91.
The standard of living in Brooklyn ranks as #125 most affordable out of the 286 places we measured in Ohio. By definition, that implies Brooklyn ranks as the #161 most expensive place in the Buckeye State.
For more reading on life in Brooklyn, check out:
Six factors go into calculating the cost of living index in Brooklyn. Here is how it fairs on each of the criteria:
The Services index in Brooklyn is 102.
The Groceries index in Brooklyn is 103.
The Health index in Brooklyn is 112.
The Housing index in Brooklyn is 59.
The Transportation index in Brooklyn is 98.
The Utilities index in Brooklyn is 96.
Living Expense | Brooklyn | Ohio | National Average | |
---|---|---|---|---|
Overall | 89 | 91 | 100 | |
Services | 102 | 98 | 100 | |
Groceries | 103 | 101 | 100 | |
Health | 112 | 95 | 100 | |
Housing | 59 | 73 | 100 | |
Transportation | 98 | 98 | 100 | |
Utilities | 96 | 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 Brooklyn is $119,700.
The Median Rent in Brooklyn is $837.
The Median Income in Brooklyn is $54,634.
The Home Value To Income in Brooklyn is 2.2x.
The Rent To Monthly Income in Brooklyn is 0.18x.
Statistic | Brooklyn | Ohio | United States |
---|---|---|---|
Median Home Value | $119,700 | $159,900 | $244,900 |
Median Rent | $837 | $870 | $1,163 |
Median Income | $54,634 | $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 Brooklyn. Here's a quick look at the cost of living in the most populous nearby places:
Cleveland, OH has a cost of living index of 82, 0.9x Brooklyn.
Parma, OH has a cost of living index of 88, 1.0x Brooklyn.
Lakewood, OH has a cost of living index of 95, 1.1x Brooklyn.
City | Population | Cost Of Living | Vs. Brooklyn |
---|---|---|---|
Cleveland, OH | 374,861 | 82 | 0.9x |
Parma, OH | 80,880 | 88 | 1.0x |
Lakewood, OH | 50,841 | 95 | 1.1x |
Strongsville, OH | 46,187 | 99 | 1.1x |
Westlake, OH | 34,049 | 109 | 1.2x |
North Olmsted, OH | 32,371 | 96 | 1.1x |
Shaker Heights, OH | 29,197 | 103 | 1.2x |
Solon, OH | 24,070 | 114 | 1.3x |
Rocky River, OH | 21,515 | 102 | 1.1x |
Parma Heights, OH | 20,764 | 88 | 1.0x |