Cost of living in Hubbard 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 Hubbard 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 Hubbard is 88, with 100 being the average.
The cost of living index in Hubbard is 0.9x lower than the national average.
Hubbard ranks as the #110 cheapest in Ohio out of 286.
Hubbard ranks as the #1,278 cheapest out of 6,412 in the US.
The median home value in Hubbard is $110,100.
The median income in Hubbard is $56,220.
According to the most recent data on the cost of living, Hubbard has an overall cost of living index of 88, which is 0.9x lower than the national index of 100.
Compared to Ohio, Hubbard has a cost of living index that's 1.0x lower than Ohio's index of 91.
The standard of living in Hubbard ranks as #110 most affordable out of the 286 places we measured in Ohio. By definition, that implies Hubbard ranks as the #176 most expensive place in the Buckeye State.
For more reading on life in Hubbard, check out:
Six factors go into calculating the cost of living index in Hubbard. Here is how it fairs on each of the criteria:
The Services index in Hubbard is 101.
The Groceries index in Hubbard is 103.
The Health index in Hubbard is 103.
The Housing index in Hubbard is 55.
The Transportation index in Hubbard is 95.
The Utilities index in Hubbard is 101.
Living Expense | Hubbard | Ohio | National Average | |
---|---|---|---|---|
Overall | 88 | 91 | 100 | |
Services | 101 | 98 | 100 | |
Groceries | 103 | 101 | 100 | |
Health | 103 | 95 | 100 | |
Housing | 55 | 73 | 100 | |
Transportation | 95 | 98 | 100 | |
Utilities | 101 | 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 Hubbard is $110,100.
The Median Rent in Hubbard is $772.
The Median Income in Hubbard is $56,220.
The Home Value To Income in Hubbard is 2.0x.
The Rent To Monthly Income in Hubbard is 0.16x.
Statistic | Hubbard | Ohio | United States |
---|---|---|---|
Median Home Value | $110,100 | $159,900 | $244,900 |
Median Rent | $772 | $870 | $1,163 |
Median Income | $56,220 | $61,938 | $69,021 |
Home Value To Income | 2.0x | 2.6x | 3.5x |
Rent To Monthly Income | 0.16x | 0.17x | 0.2x |
The cost of living varies in the cities and towns around Hubbard. 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 Hubbard.
Austintown, OH has a cost of living index of 87, 1.0x Hubbard.
Niles, OH has a cost of living index of 85, 1.0x Hubbard.
City | Population | Cost Of Living | Vs. Hubbard |
---|---|---|---|
Youngstown, OH | 61,274 | 82 | 0.9x |
Austintown, OH | 30,179 | 87 | 1.0x |
Niles, OH | 18,319 | 85 | 1.0x |
Struthers, OH | 10,058 | 83 | 0.9x |
Campbell, OH | 7,831 | 85 | 1.0x |
Canfield, OH | 7,605 | 94 | 1.1x |
Cortland, OH | 7,087 | 93 | 1.1x |
Howland Center, OH | 6,720 | 92 | 1.0x |
Columbiana, OH | 6,680 | 93 | 1.1x |
Champion Heights, OH | 6,237 | 90 | 1.0x |