Canfield, OH Cost Of Living
Cost Of Living In Canfield, OH Summary
Cost of living in Canfield 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 Canfield 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 Canfield is 94, with 100 being the average.
The cost of living index in Canfield is 0.9x lower than the national average.
Canfield ranks as the #188 cheapest in Ohio out of 286.
Canfield ranks as the #2,290 cheapest out of 6,412 in the US.
The median home value in Canfield is $177,200.
The median income in Canfield is $94,257.
Table Of Contents
Canfield's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Canfield, OH?
According to the most recent data on the cost of living, Canfield has an overall cost of living index of 94, which is 0.9x lower than the national index of 100.
Compared to Ohio, Canfield has a cost of living index that's 1.0x higher than Ohio's index of 91.
The standard of living in Canfield ranks as #188 most affordable out of the 286 places we measured in Ohio. By definition, that implies Canfield ranks as the #98 most expensive place in the Buckeye State.
For more reading on life in Canfield, check out:
- Living In Canfield
- Canfield Crime Report
- Search Homes For Sale In Canfield, OH
In Ohio
In America
Canfield Cost Of Living Vs. Ohio
Six factors go into calculating the cost of living index in Canfield. Here is how it fairs on each of the criteria:
The Services index in Canfield is 101.
The Groceries index in Canfield is 101.
The Health index in Canfield is 104.
The Housing index in Canfield is 83.
The Transportation index in Canfield is 96.
The Utilities index in Canfield is 103.
| Living Expense | Canfield | Ohio | National Average | |
|---|---|---|---|---|
| Overall | 94 | 91 | 100 | |
| Services | 101 | 98 | 100 | |
| Groceries | 101 | 101 | 100 | |
| Health | 104 | 95 | 100 | |
| Housing | 83 | 73 | 100 | |
| Transportation | 96 | 98 | 100 | |
| Utilities | 103 | 93 | 100 | |
Canfield, 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 Canfield is $177,200.
The Median Rent in Canfield is $613.
The Median Income in Canfield is $94,257.
The Home Value To Income in Canfield is 1.9x.
The Rent To Monthly Income in Canfield is 0.08x.
| Statistic | Canfield | Ohio | United States |
|---|---|---|---|
| Median Home Value | $177,200 | $159,900 | $244,900 |
| Median Rent | $613 | $870 | $1,163 |
| Median Income | $94,257 | $61,938 | $69,021 |
| Home Value To Income | 1.9x | 2.6x | 3.5x |
| Rent To Monthly Income | 0.08x | 0.17x | 0.2x |
Median Home Value
Median Rent
Median Income
Canfield, OH Costs By Category
Detailed Canfield Services Costs Vs. Ohio
Detailed Canfield Groceries Costs Vs. Ohio
Detailed Canfield Health Costs Vs. Ohio
Detailed Canfield Transportation Costs Vs. Ohio
Detailed Canfield Utilities Costs Vs. Ohio
Canfield SnackAbility
/10
Cost Of Living In Cities Around Canfield
The cost of living varies in the cities and towns around Canfield. Here's a quick look at the cost of living in the most populous nearby places:
Youngstown, OH has a cost of living index of 82, 0.9x Canfield.
Austintown, OH has a cost of living index of 87, 0.9x Canfield.
Niles, OH has a cost of living index of 85, 0.9x Canfield.
| City | Population | Cost Of Living | Vs. Canfield |
|---|---|---|---|
| Youngstown, OH | 61,274 | 82 | 0.9x |
| Austintown, OH | 30,179 | 87 | 0.9x |
| Niles, OH | 18,319 | 85 | 0.9x |
| Salem, OH | 11,920 | 88 | 0.9x |
| Struthers, OH | 10,058 | 83 | 0.9x |
| Campbell, OH | 7,831 | 85 | 0.9x |
| Hubbard, OH | 7,645 | 88 | 0.9x |
| Howland Center, OH | 6,720 | 92 | 1.0x |
| Columbiana, OH | 6,680 | 93 | 1.0x |
| Champion Heights, OH | 6,237 | 90 | 1.0x |
