Cost of living in Cortland 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 Cortland 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 Cortland is 93, with 100 being the average.
The cost of living index in Cortland is 0.9x lower than the national average.
Cortland ranks as the #176 cheapest in Ohio out of 286.
Cortland ranks as the #2,137 cheapest out of 6,412 in the US.
The median home value in Cortland is $161,600.
The median income in Cortland is $55,578.
According to the most recent data on the cost of living, Cortland has an overall cost of living index of 93, which is 0.9x lower than the national index of 100.
Compared to Ohio, Cortland has a cost of living index that's 1.0x higher than Ohio's index of 91.
The standard of living in Cortland ranks as #176 most affordable out of the 286 places we measured in Ohio. By definition, that implies Cortland ranks as the #110 most expensive place in the Buckeye State.
For more reading on life in Cortland, check out:
Six factors go into calculating the cost of living index in Cortland. Here is how it fairs on each of the criteria:
The Services index in Cortland is 101.
The Groceries index in Cortland is 105.
The Health index in Cortland is 104.
The Housing index in Cortland is 75.
The Transportation index in Cortland is 97.
The Utilities index in Cortland is 100.
Living Expense | Cortland | Ohio | National Average | |
---|---|---|---|---|
Overall | 93 | 91 | 100 | |
Services | 101 | 98 | 100 | |
Groceries | 105 | 101 | 100 | |
Health | 104 | 95 | 100 | |
Housing | 75 | 73 | 100 | |
Transportation | 97 | 98 | 100 | |
Utilities | 100 | 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 Cortland is $161,600.
The Median Rent in Cortland is $630.
The Median Income in Cortland is $55,578.
The Home Value To Income in Cortland is 2.9x.
The Rent To Monthly Income in Cortland is 0.14x.
Statistic | Cortland | Ohio | United States |
---|---|---|---|
Median Home Value | $161,600 | $159,900 | $244,900 |
Median Rent | $630 | $870 | $1,163 |
Median Income | $55,578 | $61,938 | $69,021 |
Home Value To Income | 2.9x | 2.6x | 3.5x |
Rent To Monthly Income | 0.14x | 0.17x | 0.2x |
The cost of living varies in the cities and towns around Cortland. Here's a quick look at the cost of living in the most populous nearby places:
Warren, OH has a cost of living index of 82, 0.9x Cortland.
Austintown, OH has a cost of living index of 87, 0.9x Cortland.
Niles, OH has a cost of living index of 85, 0.9x Cortland.
City | Population | Cost Of Living | Vs. Cortland |
---|---|---|---|
Warren, OH | 39,334 | 82 | 0.9x |
Austintown, OH | 30,179 | 87 | 0.9x |
Niles, OH | 18,319 | 85 | 0.9x |
Hermitage, PA | 16,240 | 94 | 1.0x |
Girard, OH | 9,571 | 84 | 0.9x |
Campbell, OH | 7,831 | 85 | 0.9x |
Hubbard, OH | 7,645 | 88 | 0.9x |
Howland Center, OH | 6,720 | 92 | 1.0x |
Champion Heights, OH | 6,237 | 90 | 1.0x |
Greenville, PA | 5,578 | 84 | 0.9x |