Cost of living in Urbana 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 Urbana 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 Urbana is 87, with 100 being the average.
The cost of living index in Urbana is 0.9x lower than the national average.
Urbana ranks as the #89 cheapest in Ohio out of 286.
Urbana ranks as the #1,101 cheapest out of 6,412 in the US.
The median home value in Urbana is $118,900.
The median income in Urbana is $54,414.
According to the most recent data on the cost of living, Urbana has an overall cost of living index of 87, which is 0.9x lower than the national index of 100.
Compared to Ohio, Urbana has a cost of living index that's 1.0x lower than Ohio's index of 91.
The standard of living in Urbana ranks as #89 most affordable out of the 286 places we measured in Ohio. By definition, that implies Urbana ranks as the #197 most expensive place in the Buckeye State.
For more reading on life in Urbana, check out:
Six factors go into calculating the cost of living index in Urbana. Here is how it fairs on each of the criteria:
The Services index in Urbana is 103.
The Groceries index in Urbana is 95.
The Health index in Urbana is 88.
The Housing index in Urbana is 58.
The Transportation index in Urbana is 101.
The Utilities index in Urbana is 91.
Living Expense | Urbana | Ohio | National Average | |
---|---|---|---|---|
Overall | 87 | 91 | 100 | |
Services | 103 | 98 | 100 | |
Groceries | 95 | 101 | 100 | |
Health | 88 | 95 | 100 | |
Housing | 58 | 73 | 100 | |
Transportation | 101 | 98 | 100 | |
Utilities | 91 | 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 Urbana is $118,900.
The Median Rent in Urbana is $749.
The Median Income in Urbana is $54,414.
The Home Value To Income in Urbana is 2.2x.
The Rent To Monthly Income in Urbana is 0.17x.
Statistic | Urbana | Ohio | United States |
---|---|---|---|
Median Home Value | $118,900 | $159,900 | $244,900 |
Median Rent | $749 | $870 | $1,163 |
Median Income | $54,414 | $61,938 | $69,021 |
Home Value To Income | 2.2x | 2.6x | 3.5x |
Rent To Monthly Income | 0.17x | 0.17x | 0.2x |
The cost of living varies in the cities and towns around Urbana. Here's a quick look at the cost of living in the most populous nearby places:
Springfield, OH has a cost of living index of 84, 1.0x Urbana.
Dublin, OH has a cost of living index of 120, 1.4x Urbana.
Westerville, OH has a cost of living index of 98, 1.1x Urbana.
City | Population | Cost Of Living | Vs. Urbana |
---|---|---|---|
Springfield, OH | 58,992 | 84 | 1.0x |
Dublin, OH | 48,613 | 120 | 1.4x |
Westerville, OH | 38,960 | 98 | 1.1x |
Upper Arlington, OH | 36,566 | 117 | 1.3x |
Gahanna, OH | 35,626 | 98 | 1.1x |
Hilliard, OH | 35,530 | 98 | 1.1x |
Springboro, OH | 18,831 | 101 | 1.2x |
Worthington, OH | 15,047 | 104 | 1.2x |
Powell, OH | 13,879 | 120 | 1.4x |
Bexley, OH | 13,820 | 109 | 1.3x |