Sheffield Lake, OH Cost Of Living
Cost Of Living In Sheffield Lake, OH Summary
Cost of living in Sheffield Lake 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 Sheffield Lake 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 Sheffield Lake is 94, with 100 being the average.
The cost of living index in Sheffield Lake is 0.9x lower than the national average.
Sheffield Lake ranks as the #188 cheapest in Ohio out of 286.
Sheffield Lake ranks as the #2,290 cheapest out of 6,412 in the US.
The median home value in Sheffield Lake is $111,400.
The median income in Sheffield Lake is $65,172.
Table Of Contents
Sheffield Lake's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Sheffield Lake, OH?
According to the most recent data on the cost of living, Sheffield Lake has an overall cost of living index of 94, which is 0.9x lower than the national index of 100.
Compared to Ohio, Sheffield Lake has a cost of living index that's 1.0x higher than Ohio's index of 91.
The standard of living in Sheffield Lake ranks as #188 most affordable out of the 286 places we measured in Ohio. By definition, that implies Sheffield Lake ranks as the #98 most expensive place in the Buckeye State.
For more reading on life in Sheffield Lake, check out:
- Living In Sheffield Lake
- Sheffield Lake Crime Report
- Search Homes For Sale In Sheffield Lake, OH
In Ohio
In America
Sheffield Lake Cost Of Living Vs. Ohio
Six factors go into calculating the cost of living index in Sheffield Lake. Here is how it fairs on each of the criteria:
The Services index in Sheffield Lake is 102.
The Groceries index in Sheffield Lake is 106.
The Health index in Sheffield Lake is 108.
The Housing index in Sheffield Lake is 73.
The Transportation index in Sheffield Lake is 101.
The Utilities index in Sheffield Lake is 94.
| Living Expense | Sheffield Lake | Ohio | National Average | |
|---|---|---|---|---|
| Overall | 94 | 91 | 100 | |
| Services | 102 | 98 | 100 | |
| Groceries | 106 | 101 | 100 | |
| Health | 108 | 95 | 100 | |
| Housing | 73 | 73 | 100 | |
| Transportation | 101 | 98 | 100 | |
| Utilities | 94 | 93 | 100 | |
Sheffield Lake, 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 Sheffield Lake is $111,400.
The Median Rent in Sheffield Lake is $943.
The Median Income in Sheffield Lake is $65,172.
The Home Value To Income in Sheffield Lake is 1.7x.
The Rent To Monthly Income in Sheffield Lake is 0.17x.
| Statistic | Sheffield Lake | Ohio | United States |
|---|---|---|---|
| Median Home Value | $111,400 | $159,900 | $244,900 |
| Median Rent | $943 | $870 | $1,163 |
| Median Income | $65,172 | $61,938 | $69,021 |
| Home Value To Income | 1.7x | 2.6x | 3.5x |
| Rent To Monthly Income | 0.17x | 0.17x | 0.2x |
Median Home Value
Median Rent
Median Income
Sheffield Lake, OH Costs By Category
Detailed Sheffield Lake Services Costs Vs. Ohio
| Item | Sheffield Lake | Ohio |
|---|---|---|
| Shampoo | $1.08 | $1.06 |
| Movie | $11.87 | $10.68 |
| Bowling | $16.87 | $14.67 |
| Haircut | $18.34 | $18.62 |
| Beauty Salon | $31.4 | $39.05 |
Detailed Sheffield Lake Groceries Costs Vs. Ohio
| Item | Sheffield Lake | Ohio |
|---|---|---|
| Ground Beef | $5.31 | $4.22 |
| Fried Chicken | $1.83 | $1.39 |
| Milk | $1.55 | $2.05 |
| Potatoes | $3.19 | $3.29 |
| Pizza | $11.49 | $10.62 |
| Beer | $9.17 | $9.38 |
| Toothpaste | $2.65 | $2.34 |
Detailed Sheffield Lake Health Costs Vs. Ohio
| Item | Sheffield Lake | Ohio |
|---|---|---|
| Optometrist | $86.0 | $108.57 |
| Doctor | $121.47 | $116.17 |
| Dentist | $119.67 | $99.13 |
Detailed Sheffield Lake Transportation Costs Vs. Ohio
| Item | Sheffield Lake | Ohio |
|---|---|---|
| Gasoline | $2.25 | $2.22 |
| Tire Balancing | $47.56 | $50.07 |
Detailed Sheffield Lake Utilities Costs Vs. Ohio
| Item | Sheffield Lake | Ohio |
|---|---|---|
| All Electricity | $154.37 | $167.67 |
| Phone | $180.6 | $175.64 |
Sheffield Lake SnackAbility
/10
Cost Of Living In Cities Around Sheffield Lake
The cost of living varies in the cities and towns around Sheffield Lake. Here's a quick look at the cost of living in the most populous nearby places:
Lorain, OH has a cost of living index of 87, 0.9x Sheffield Lake.
Elyria, OH has a cost of living index of 86, 0.9x Sheffield Lake.
Lakewood, OH has a cost of living index of 95, 1.0x Sheffield Lake.
| City | Population | Cost Of Living | Vs. Sheffield Lake |
|---|---|---|---|
| Lorain, OH | 65,051 | 87 | 0.9x |
| Elyria, OH | 52,853 | 86 | 0.9x |
| Lakewood, OH | 50,841 | 95 | 1.0x |
| Strongsville, OH | 46,187 | 99 | 1.1x |
| North Ridgeville, OH | 34,883 | 101 | 1.1x |
| Westlake, OH | 34,049 | 109 | 1.2x |
| North Olmsted, OH | 32,371 | 96 | 1.0x |
| Avon Lake, OH | 25,005 | 108 | 1.1x |
| Avon, OH | 24,542 | 113 | 1.2x |
| Rocky River, OH | 21,515 | 102 | 1.1x |
