Westlake, OH Cost Of Living
Cost Of Living In Westlake, OH Summary
Cost of living in Westlake 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 Westlake 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 Westlake is 109, with 100 being the average.
The cost of living index in Westlake is 1.1x higher than the national average.
Westlake ranks as the #261 cheapest in Ohio out of 286.
Westlake ranks as the #4,038 cheapest out of 6,412 in the US.
The median home value in Westlake is $275,300.
The median income in Westlake is $98,285.
Table Of Contents
Westlake's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Westlake, OH?
According to the most recent data on the cost of living, Westlake has an overall cost of living index of 109, which is 1.1x higher than the national index of 100.
Compared to Ohio, Westlake has a cost of living index that's 1.2x higher than Ohio's index of 91.
The standard of living in Westlake ranks as #261 most affordable out of the 286 places we measured in Ohio. By definition, that implies Westlake ranks as the #25 most expensive place in the Buckeye State.
For more reading on life in Westlake, check out:
- Living In Westlake
- Search Homes For Sale In Westlake, OH
In Ohio
In America
Westlake Cost Of Living Vs. Ohio
Six factors go into calculating the cost of living index in Westlake. Here is how it fairs on each of the criteria:
The Services index in Westlake is 100.
The Groceries index in Westlake is 103.
The Health index in Westlake is 111.
The Housing index in Westlake is 124.
The Transportation index in Westlake is 99.
The Utilities index in Westlake is 95.
| Living Expense | Westlake | Ohio | National Average | |
|---|---|---|---|---|
| Overall | 109 | 91 | 100 | |
| Services | 100 | 98 | 100 | |
| Groceries | 103 | 101 | 100 | |
| Health | 111 | 95 | 100 | |
| Housing | 124 | 73 | 100 | |
| Transportation | 99 | 98 | 100 | |
| Utilities | 95 | 93 | 100 | |
Westlake, 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 Westlake is $275,300.
The Median Rent in Westlake is $1,262.
The Median Income in Westlake is $98,285.
The Home Value To Income in Westlake is 2.8x.
The Rent To Monthly Income in Westlake is 0.15x.
| Statistic | Westlake | Ohio | United States |
|---|---|---|---|
| Median Home Value | $275,300 | $159,900 | $244,900 |
| Median Rent | $1,262 | $870 | $1,163 |
| Median Income | $98,285 | $61,938 | $69,021 |
| Home Value To Income | 2.8x | 2.6x | 3.5x |
| Rent To Monthly Income | 0.15x | 0.17x | 0.2x |
Median Home Value
Median Rent
Median Income
Westlake, OH Costs By Category
Detailed Westlake Services Costs Vs. Ohio
Detailed Westlake Groceries Costs Vs. Ohio
Detailed Westlake Health Costs Vs. Ohio
Detailed Westlake Transportation Costs Vs. Ohio
Detailed Westlake Utilities Costs Vs. Ohio
Westlake SnackAbility
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Cost Of Living In Cities Around Westlake
The cost of living varies in the cities and towns around Westlake. Here's a quick look at the cost of living in the most populous nearby places:
Strongsville, OH has a cost of living index of 99, 0.9x Westlake.
North Ridgeville, OH has a cost of living index of 101, 0.9x Westlake.
North Olmsted, OH has a cost of living index of 96, 0.9x Westlake.
| City | Population | Cost Of Living | Vs. Westlake |
|---|---|---|---|
| Strongsville, OH | 46,187 | 99 | 0.9x |
| North Ridgeville, OH | 34,883 | 101 | 0.9x |
| North Olmsted, OH | 32,371 | 96 | 0.9x |
| North Royalton, OH | 31,150 | 101 | 0.9x |
| Shaker Heights, OH | 29,197 | 103 | 0.9x |
| Avon Lake, OH | 25,005 | 108 | 1.0x |
| Avon, OH | 24,542 | 113 | 1.0x |
| Rocky River, OH | 21,515 | 102 | 0.9x |
| Broadview Heights, OH | 19,820 | 104 | 1.0x |
| Berea, OH | 18,724 | 94 | 0.9x |
