Cost of living in Powell 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 Powell 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 Powell is 120, with 100 being the average.
The cost of living index in Powell is 1.2x higher than the national average.
Powell ranks as the #280 cheapest in Ohio out of 286.
Powell ranks as the #4,798 cheapest out of 6,412 in the US.
The median home value in Powell is $416,000.
The median income in Powell is $168,046.
According to the most recent data on the cost of living, Powell has an overall cost of living index of 120, which is 1.2x higher than the national index of 100.
Compared to Ohio, Powell has a cost of living index that's 1.3x higher than Ohio's index of 91.
The standard of living in Powell ranks as #280 most affordable out of the 286 places we measured in Ohio. By definition, that implies Powell ranks as the #6 most expensive place in the Buckeye State.
For more reading on life in Powell, check out:
Six factors go into calculating the cost of living index in Powell. Here is how it fairs on each of the criteria:
The Services index in Powell is 94.
The Groceries index in Powell is 99.
The Health index in Powell is 94.
The Housing index in Powell is 187.
The Transportation index in Powell is 103.
The Utilities index in Powell is 88.
Living Expense | Powell | Ohio | National Average | |
---|---|---|---|---|
Overall | 120 | 91 | 100 | |
Services | 94 | 98 | 100 | |
Groceries | 99 | 101 | 100 | |
Health | 94 | 95 | 100 | |
Housing | 187 | 73 | 100 | |
Transportation | 103 | 98 | 100 | |
Utilities | 88 | 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 Powell is $416,000.
The Median Rent in Powell is $1,478.
The Median Income in Powell is $168,046.
The Home Value To Income in Powell is 2.5x.
The Rent To Monthly Income in Powell is 0.11x.
Statistic | Powell | Ohio | United States |
---|---|---|---|
Median Home Value | $416,000 | $159,900 | $244,900 |
Median Rent | $1,478 | $870 | $1,163 |
Median Income | $168,046 | $61,938 | $69,021 |
Home Value To Income | 2.5x | 2.6x | 3.5x |
Rent To Monthly Income | 0.11x | 0.17x | 0.2x |
The cost of living varies in the cities and towns around Powell. Here's a quick look at the cost of living in the most populous nearby places:
Dublin, OH has a cost of living index of 120, 1.0x Powell.
Delaware, OH has a cost of living index of 94, 0.8x Powell.
Westerville, OH has a cost of living index of 98, 0.8x Powell.
City | Population | Cost Of Living | Vs. Powell |
---|---|---|---|
Dublin, OH | 48,613 | 120 | 1.0x |
Delaware, OH | 41,004 | 94 | 0.8x |
Westerville, OH | 38,960 | 98 | 0.8x |
Upper Arlington, OH | 36,566 | 117 | 1.0x |
Gahanna, OH | 35,626 | 98 | 0.8x |
Hilliard, OH | 35,530 | 98 | 0.8x |
Worthington, OH | 15,047 | 104 | 0.9x |
Bexley, OH | 13,820 | 109 | 0.9x |
New Albany, OH | 10,962 | 138 | 1.1x |
Grandview Heights, OH | 8,099 | 110 | 0.9x |