Cost of living in Piqua 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 Piqua 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 Piqua is 86, with 100 being the average.
The cost of living index in Piqua is 0.9x lower than the national average.
Piqua ranks as the #69 cheapest in Ohio out of 286.
Piqua ranks as the #938 cheapest out of 6,412 in the US.
The median home value in Piqua is $93,300.
The median income in Piqua is $49,967.
According to the most recent data on the cost of living, Piqua has an overall cost of living index of 86, which is 0.9x lower than the national index of 100.
Compared to Ohio, Piqua has a cost of living index that's 0.9x lower than Ohio's index of 91.
The standard of living in Piqua ranks as #69 most affordable out of the 286 places we measured in Ohio. By definition, that implies Piqua ranks as the #217 most expensive place in the Buckeye State.
For more reading on life in Piqua, check out:
Six factors go into calculating the cost of living index in Piqua. Here is how it fairs on each of the criteria:
The Services index in Piqua is 103.
The Groceries index in Piqua is 97.
The Health index in Piqua is 84.
The Housing index in Piqua is 54.
The Transportation index in Piqua is 100.
The Utilities index in Piqua is 94.
Living Expense | Piqua | Ohio | National Average | |
---|---|---|---|---|
Overall | 86 | 91 | 100 | |
Services | 103 | 98 | 100 | |
Groceries | 97 | 101 | 100 | |
Health | 84 | 95 | 100 | |
Housing | 54 | 73 | 100 | |
Transportation | 100 | 98 | 100 | |
Utilities | 94 | 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 Piqua is $93,300.
The Median Rent in Piqua is $820.
The Median Income in Piqua is $49,967.
The Home Value To Income in Piqua is 1.9x.
The Rent To Monthly Income in Piqua is 0.2x.
Statistic | Piqua | Ohio | United States |
---|---|---|---|
Median Home Value | $93,300 | $159,900 | $244,900 |
Median Rent | $820 | $870 | $1,163 |
Median Income | $49,967 | $61,938 | $69,021 |
Home Value To Income | 1.9x | 2.6x | 3.5x |
Rent To Monthly Income | 0.2x | 0.17x | 0.2x |
The cost of living varies in the cities and towns around Piqua. Here's a quick look at the cost of living in the most populous nearby places:
Troy, OH has a cost of living index of 92, 1.1x Piqua.
Sidney, OH has a cost of living index of 86, 1.0x Piqua.
Vandalia, OH has a cost of living index of 92, 1.1x Piqua.
City | Population | Cost Of Living | Vs. Piqua |
---|---|---|---|
Troy, OH | 26,093 | 92 | 1.1x |
Sidney, OH | 20,559 | 86 | 1.0x |
Vandalia, OH | 15,155 | 92 | 1.1x |
Englewood, OH | 13,441 | 89 | 1.0x |
Clayton, OH | 13,246 | 93 | 1.1x |
Newport, OR | 10,305 | 113 | 1.3x |
Union, OH | 6,832 | 89 | 1.0x |
New Carlisle, OH | 5,561 | 89 | 1.0x |