Madeira, OH Cost Of Living
Cost Of Living In Madeira, OH Summary
Cost of living in Madeira 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 Madeira 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 Madeira is 110, with 100 being the average.
The cost of living index in Madeira is 1.1x higher than the national average.
Madeira ranks as the #265 cheapest in Ohio out of 286.
Madeira ranks as the #4,128 cheapest out of 6,412 in the US.
The median home value in Madeira is $375,400.
The median income in Madeira is $142,917.
Table Of Contents
Madeira's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Madeira, OH?
According to the most recent data on the cost of living, Madeira has an overall cost of living index of 110, which is 1.1x higher than the national index of 100.
Compared to Ohio, Madeira has a cost of living index that's 1.2x higher than Ohio's index of 91.
The standard of living in Madeira ranks as #265 most affordable out of the 286 places we measured in Ohio. By definition, that implies Madeira ranks as the #21 most expensive place in the Buckeye State.
For more reading on life in Madeira, check out:
- Living In Madeira
- Madeira Crime Report
- Search Homes For Sale In Madeira, OH
In Ohio
In America
Madeira Cost Of Living Vs. Ohio
Six factors go into calculating the cost of living index in Madeira. Here is how it fairs on each of the criteria:
The Services index in Madeira is 102.
The Groceries index in Madeira is 95.
The Health index in Madeira is 100.
The Housing index in Madeira is 130.
The Transportation index in Madeira is 109.
The Utilities index in Madeira is 89.
| Living Expense | Madeira | Ohio | National Average | |
|---|---|---|---|---|
| Overall | 110 | 91 | 100 | |
| Services | 102 | 98 | 100 | |
| Groceries | 95 | 101 | 100 | |
| Health | 100 | 95 | 100 | |
| Housing | 130 | 73 | 100 | |
| Transportation | 109 | 98 | 100 | |
| Utilities | 89 | 93 | 100 | |
Madeira, 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 Madeira is $375,400.
The Median Rent in Madeira is $995.
The Median Income in Madeira is $142,917.
The Home Value To Income in Madeira is 2.6x.
The Rent To Monthly Income in Madeira is 0.08x.
| Statistic | Madeira | Ohio | United States |
|---|---|---|---|
| Median Home Value | $375,400 | $159,900 | $244,900 |
| Median Rent | $995 | $870 | $1,163 |
| Median Income | $142,917 | $61,938 | $69,021 |
| Home Value To Income | 2.6x | 2.6x | 3.5x |
| Rent To Monthly Income | 0.08x | 0.17x | 0.2x |
Median Home Value
Median Rent
Median Income
Madeira, OH Costs By Category
Detailed Madeira Services Costs Vs. Ohio
Detailed Madeira Groceries Costs Vs. Ohio
Detailed Madeira Health Costs Vs. Ohio
Detailed Madeira Transportation Costs Vs. Ohio
Detailed Madeira Utilities Costs Vs. Ohio
Madeira SnackAbility
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Cost Of Living In Cities Around Madeira
The cost of living varies in the cities and towns around Madeira. 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, 0.9x Madeira.
Monfort Heights, OH has a cost of living index of 98, 0.9x Madeira.
Mack, OH has a cost of living index of 104, 0.9x Madeira.
| City | Population | Cost Of Living | Vs. Madeira |
|---|---|---|---|
| Mason, OH | 34,337 | 104 | 0.9x |
| Monfort Heights, OH | 13,221 | 98 | 0.9x |
| Mack, OH | 11,452 | 104 | 0.9x |
| Montgomery, OH | 10,796 | 115 | 1.0x |
| Forestville, OH | 10,485 | 99 | 0.9x |
| Wyoming, OH | 8,691 | 112 | 1.0x |
| Kenwood, OH | 8,143 | 114 | 1.0x |
| Dry Run, OH | 7,457 | 120 | 1.1x |
| Covedale, OH | 6,646 | 97 | 0.9x |
| Deer Park, OH | 5,439 | 88 | 0.8x |
