Cost of living in Chesterland 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 Chesterland 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 Chesterland is 97, with 100 being the average.
The cost of living index in Chesterland is 1.0x lower than the national average.
Chesterland ranks as the #219 cheapest in Ohio out of 286.
Chesterland ranks as the #2,747 cheapest out of 6,412 in the US.
The median home value in Chesterland is $248,700.
The median income in Chesterland is $87,050.
According to the most recent data on the cost of living, Chesterland has an overall cost of living index of 97, which is 1.0x lower than the national index of 100.
Compared to Ohio, Chesterland has a cost of living index that's 1.1x higher than Ohio's index of 91.
The standard of living in Chesterland ranks as #219 most affordable out of the 286 places we measured in Ohio. By definition, that implies Chesterland ranks as the #67 most expensive place in the Buckeye State.
For more reading on life in Chesterland, check out:
Six factors go into calculating the cost of living index in Chesterland. Here is how it fairs on each of the criteria:
The Services index in Chesterland is 102.
The Groceries index in Chesterland is 105.
The Health index in Chesterland is 110.
The Housing index in Chesterland is 92.
The Transportation index in Chesterland is 101.
The Utilities index in Chesterland is 96.
Living Expense | Chesterland | Ohio | National Average | |
---|---|---|---|---|
Overall | 97 | 91 | 100 | |
Services | 102 | 98 | 100 | |
Groceries | 105 | 101 | 100 | |
Health | 110 | 95 | 100 | |
Housing | 92 | 73 | 100 | |
Transportation | 101 | 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 Chesterland is $248,700.
The Median Rent in Chesterland is $671.
The Median Income in Chesterland is $87,050.
The Home Value To Income in Chesterland is 2.9x.
The Rent To Monthly Income in Chesterland is 0.09x.
Statistic | Chesterland | Ohio | United States |
---|---|---|---|
Median Home Value | $248,700 | $159,900 | $244,900 |
Median Rent | $671 | $870 | $1,163 |
Median Income | $87,050 | $61,938 | $69,021 |
Home Value To Income | 2.9x | 2.6x | 3.5x |
Rent To Monthly Income | 0.09x | 0.17x | 0.2x |
Item | Chesterland | 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 |
Item | Chesterland | 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 |
Item | Chesterland | Ohio |
---|---|---|
Optometrist | $86.0 | $108.57 |
Doctor | $121.47 | $116.17 |
Dentist | $119.67 | $99.13 |
Item | Chesterland | Ohio |
---|---|---|
Gasoline | $2.25 | $2.22 |
Tire Balancing | $47.56 | $50.07 |
Item | Chesterland | Ohio |
---|---|---|
All Electricity | $154.37 | $167.67 |
Phone | $180.6 | $175.64 |
The cost of living varies in the cities and towns around Chesterland. 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, 1.1x Chesterland.
Solon, OH has a cost of living index of 114, 1.2x Chesterland.
Mayfield Heights, OH has a cost of living index of 95, 1.0x Chesterland.
City | Population | Cost Of Living | Vs. Chesterland |
---|---|---|---|
Shaker Heights, OH | 29,197 | 103 | 1.1x |
Solon, OH | 24,070 | 114 | 1.2x |
Mayfield Heights, OH | 20,113 | 95 | 1.0x |
Twinsburg, OH | 19,220 | 103 | 1.1x |
Aurora, OH | 17,108 | 111 | 1.1x |
Lyndhurst, OH | 13,980 | 95 | 1.0x |
Beachwood, OH | 13,806 | 116 | 1.2x |
Macedonia, OH | 12,083 | 103 | 1.1x |
Willoughby Hills, OH | 9,929 | 107 | 1.1x |
Highland Heights, OH | 8,658 | 110 | 1.1x |