Groesbeck, OH Cost Of Living
Cost Of Living In Groesbeck, OH Summary
Cost of living in Groesbeck 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 Groesbeck 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 Groesbeck is 88, with 100 being the average.
The cost of living index in Groesbeck is 0.9x lower than the national average.
Groesbeck ranks as the #110 cheapest in Ohio out of 286.
Groesbeck ranks as the #1,278 cheapest out of 6,412 in the US.
The median home value in Groesbeck is $171,000.
The median income in Groesbeck is $63,193.
Table Of Contents
Groesbeck's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Groesbeck, OH?
According to the most recent data on the cost of living, Groesbeck has an overall cost of living index of 88, which is 0.9x lower than the national index of 100.
Compared to Ohio, Groesbeck has a cost of living index that's 1.0x lower than Ohio's index of 91.
The standard of living in Groesbeck ranks as #110 most affordable out of the 286 places we measured in Ohio. By definition, that implies Groesbeck ranks as the #176 most expensive place in the Buckeye State.
For more reading on life in Groesbeck, check out:
- Living In Groesbeck
- Search Homes For Sale In Groesbeck, OH
In Ohio
In America
Groesbeck Cost Of Living Vs. Ohio
Six factors go into calculating the cost of living index in Groesbeck. Here is how it fairs on each of the criteria:
The Services index in Groesbeck is 100.
The Groceries index in Groesbeck is 96.
The Health index in Groesbeck is 102.
The Housing index in Groesbeck is 71.
The Transportation index in Groesbeck is 107.
The Utilities index in Groesbeck is 89.
| Living Expense | Groesbeck | Ohio | National Average | |
|---|---|---|---|---|
| Overall | 88 | 91 | 100 | |
| Services | 100 | 98 | 100 | |
| Groceries | 96 | 101 | 100 | |
| Health | 102 | 95 | 100 | |
| Housing | 71 | 73 | 100 | |
| Transportation | 107 | 98 | 100 | |
| Utilities | 89 | 93 | 100 | |
Groesbeck, 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 Groesbeck is $171,000.
The Median Rent in Groesbeck is $895.
The Median Income in Groesbeck is $63,193.
The Home Value To Income in Groesbeck is 2.7x.
The Rent To Monthly Income in Groesbeck is 0.17x.
| Statistic | Groesbeck | Ohio | United States |
|---|---|---|---|
| Median Home Value | $171,000 | $159,900 | $244,900 |
| Median Rent | $895 | $870 | $1,163 |
| Median Income | $63,193 | $61,938 | $69,021 |
| Home Value To Income | 2.7x | 2.6x | 3.5x |
| Rent To Monthly Income | 0.17x | 0.17x | 0.2x |
Median Home Value
Median Rent
Median Income
Groesbeck, OH Costs By Category
Detailed Groesbeck Services Costs Vs. Ohio
Detailed Groesbeck Groceries Costs Vs. Ohio
Detailed Groesbeck Health Costs Vs. Ohio
Detailed Groesbeck Transportation Costs Vs. Ohio
Detailed Groesbeck Utilities Costs Vs. Ohio
Groesbeck SnackAbility
/10
Cost Of Living In Cities Around Groesbeck
The cost of living varies in the cities and towns around Groesbeck. Here's a quick look at the cost of living in the most populous nearby places:
Mason, OH has a cost of living index of 104, 1.2x Groesbeck.
White Oak, OH has a cost of living index of 89, 1.0x Groesbeck.
Monfort Heights, OH has a cost of living index of 98, 1.1x Groesbeck.
| City | Population | Cost Of Living | Vs. Groesbeck |
|---|---|---|---|
| Mason, OH | 34,337 | 104 | 1.2x |
| White Oak, OH | 19,123 | 89 | 1.0x |
| Monfort Heights, OH | 13,221 | 98 | 1.1x |
| Mack, OH | 11,452 | 104 | 1.2x |
| Northbrook, OH | 11,005 | 86 | 1.0x |
| Montgomery, OH | 10,796 | 115 | 1.3x |
| Forestville, OH | 10,485 | 99 | 1.1x |
| North College Hill, OH | 9,605 | 85 | 1.0x |
| Madeira, OH | 9,397 | 110 | 1.2x |
| Wyoming, OH | 8,691 | 112 | 1.3x |
