Cost of living in Kent 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 Kent 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 Kent is 94, with 100 being the average.
The cost of living index in Kent is 0.9x lower than the national average.
Kent ranks as the #188 cheapest in Ohio out of 286.
Kent ranks as the #2,290 cheapest out of 6,412 in the US.
The median home value in Kent is $163,100.
The median income in Kent is $36,799.
According to the most recent data on the cost of living, Kent has an overall cost of living index of 94, which is 0.9x lower than the national index of 100.
Compared to Ohio, Kent has a cost of living index that's 1.0x higher than Ohio's index of 91.
The standard of living in Kent ranks as #188 most affordable out of the 286 places we measured in Ohio. By definition, that implies Kent ranks as the #98 most expensive place in the Buckeye State.
For more reading on life in Kent, check out:
Six factors go into calculating the cost of living index in Kent. Here is how it fairs on each of the criteria:
The Services index in Kent is 99.
The Groceries index in Kent is 104.
The Health index in Kent is 103.
The Housing index in Kent is 75.
The Transportation index in Kent is 96.
The Utilities index in Kent is 103.
Living Expense | Kent | Ohio | National Average | |
---|---|---|---|---|
Overall | 94 | 91 | 100 | |
Services | 99 | 98 | 100 | |
Groceries | 104 | 101 | 100 | |
Health | 103 | 95 | 100 | |
Housing | 75 | 73 | 100 | |
Transportation | 96 | 98 | 100 | |
Utilities | 103 | 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 Kent is $163,100.
The Median Rent in Kent is $847.
The Median Income in Kent is $36,799.
The Home Value To Income in Kent is 4.4x.
The Rent To Monthly Income in Kent is 0.28x.
Statistic | Kent | Ohio | United States |
---|---|---|---|
Median Home Value | $163,100 | $159,900 | $244,900 |
Median Rent | $847 | $870 | $1,163 |
Median Income | $36,799 | $61,938 | $69,021 |
Home Value To Income | 4.4x | 2.6x | 3.5x |
Rent To Monthly Income | 0.28x | 0.17x | 0.2x |
The cost of living varies in the cities and towns around Kent. Here's a quick look at the cost of living in the most populous nearby places:
Stow, OH has a cost of living index of 99, 1.1x Kent.
Solon, OH has a cost of living index of 114, 1.2x Kent.
Hudson, OH has a cost of living index of 124, 1.3x Kent.
City | Population | Cost Of Living | Vs. Kent |
---|---|---|---|
Stow, OH | 34,556 | 99 | 1.1x |
Solon, OH | 24,070 | 114 | 1.2x |
Hudson, OH | 23,001 | 124 | 1.3x |
Twinsburg, OH | 19,220 | 103 | 1.1x |
Tallmadge, OH | 18,409 | 96 | 1.0x |
Streetsboro, OH | 17,282 | 95 | 1.0x |
Aurora, OH | 17,108 | 111 | 1.2x |
New Franklin, OH | 13,913 | 91 | 1.0x |
Brecksville, OH | 13,607 | 114 | 1.2x |
Macedonia, OH | 12,083 | 103 | 1.1x |