Cost of living in Fostoria 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 Fostoria 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 Fostoria is 80, with 100 being the average.
The cost of living index in Fostoria is 0.8x lower than the national average.
Fostoria ranks as the #5 cheapest in Ohio out of 286.
Fostoria ranks as the #211 cheapest out of 6,412 in the US.
The median home value in Fostoria is $69,600.
The median income in Fostoria is $44,170.
According to the most recent data on the cost of living, Fostoria has an overall cost of living index of 80, which is 0.8x lower than the national index of 100.
Compared to Ohio, Fostoria has a cost of living index that's 0.9x lower than Ohio's index of 91.
The standard of living in Fostoria ranks as #5 most affordable out of the 286 places we measured in Ohio. By definition, that implies Fostoria ranks as the #281 most expensive place in the Buckeye State.
For more reading on life in Fostoria, check out:
Six factors go into calculating the cost of living index in Fostoria. Here is how it fairs on each of the criteria:
The Services index in Fostoria is 98.
The Groceries index in Fostoria is 100.
The Health index in Fostoria is 95.
The Housing index in Fostoria is 42.
The Transportation index in Fostoria is 107.
The Utilities index in Fostoria is 85.
Living Expense | Fostoria | Ohio | National Average | |
---|---|---|---|---|
Overall | 80 | 91 | 100 | |
Services | 98 | 98 | 100 | |
Groceries | 100 | 101 | 100 | |
Health | 95 | 95 | 100 | |
Housing | 42 | 73 | 100 | |
Transportation | 107 | 98 | 100 | |
Utilities | 85 | 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 Fostoria is $69,600.
The Median Rent in Fostoria is $700.
The Median Income in Fostoria is $44,170.
The Home Value To Income in Fostoria is 1.6x.
The Rent To Monthly Income in Fostoria is 0.19x.
Statistic | Fostoria | Ohio | United States |
---|---|---|---|
Median Home Value | $69,600 | $159,900 | $244,900 |
Median Rent | $700 | $870 | $1,163 |
Median Income | $44,170 | $61,938 | $69,021 |
Home Value To Income | 1.6x | 2.6x | 3.5x |
Rent To Monthly Income | 0.19x | 0.17x | 0.2x |
The cost of living varies in the cities and towns around Fostoria. Here's a quick look at the cost of living in the most populous nearby places:
Findlay, OH has a cost of living index of 87, 1.1x Fostoria.
Bowling Green, OH has a cost of living index of 93, 1.2x Fostoria.
Perrysburg, OH has a cost of living index of 99, 1.2x Fostoria.
City | Population | Cost Of Living | Vs. Fostoria |
---|---|---|---|
Findlay, OH | 40,323 | 87 | 1.1x |
Bowling Green, OH | 30,715 | 93 | 1.2x |
Perrysburg, OH | 24,633 | 99 | 1.2x |
Sylvania, OH | 18,991 | 92 | 1.1x |
Maumee, OH | 13,915 | 91 | 1.1x |
Huron, OH | 6,950 | 91 | 1.1x |
Rossford, OH | 6,330 | 90 | 1.1x |
Port Clinton, OH | 6,055 | 87 | 1.1x |
Waterville, OH | 5,943 | 97 | 1.2x |
Ada, OH | 5,187 | 84 | 1.1x |