Cost of living in Wickliffe 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 Wickliffe 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 Wickliffe is 93, with 100 being the average.
The cost of living index in Wickliffe is 0.9x lower than the national average.
Wickliffe ranks as the #176 cheapest in Ohio out of 286.
Wickliffe ranks as the #2,137 cheapest out of 6,412 in the US.
The median home value in Wickliffe is $129,300.
The median income in Wickliffe is $70,854.
According to the most recent data on the cost of living, Wickliffe has an overall cost of living index of 93, which is 0.9x lower than the national index of 100.
Compared to Ohio, Wickliffe has a cost of living index that's 1.0x higher than Ohio's index of 91.
The standard of living in Wickliffe ranks as #176 most affordable out of the 286 places we measured in Ohio. By definition, that implies Wickliffe ranks as the #110 most expensive place in the Buckeye State.
For more reading on life in Wickliffe, check out:
Six factors go into calculating the cost of living index in Wickliffe. Here is how it fairs on each of the criteria:
The Services index in Wickliffe is 101.
The Groceries index in Wickliffe is 104.
The Health index in Wickliffe is 108.
The Housing index in Wickliffe is 73.
The Transportation index in Wickliffe is 98.
The Utilities index in Wickliffe is 93.
Living Expense | Wickliffe | Ohio | National Average | |
---|---|---|---|---|
Overall | 93 | 91 | 100 | |
Services | 101 | 98 | 100 | |
Groceries | 104 | 101 | 100 | |
Health | 108 | 95 | 100 | |
Housing | 73 | 73 | 100 | |
Transportation | 98 | 98 | 100 | |
Utilities | 93 | 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 Wickliffe is $129,300.
The Median Rent in Wickliffe is $1,110.
The Median Income in Wickliffe is $70,854.
The Home Value To Income in Wickliffe is 1.8x.
The Rent To Monthly Income in Wickliffe is 0.19x.
Statistic | Wickliffe | Ohio | United States |
---|---|---|---|
Median Home Value | $129,300 | $159,900 | $244,900 |
Median Rent | $1,110 | $870 | $1,163 |
Median Income | $70,854 | $61,938 | $69,021 |
Home Value To Income | 1.8x | 2.6x | 3.5x |
Rent To Monthly Income | 0.19x | 0.17x | 0.2x |
The cost of living varies in the cities and towns around Wickliffe. Here's a quick look at the cost of living in the most populous nearby places:
Euclid, OH has a cost of living index of 86, 0.9x Wickliffe.
Shaker Heights, OH has a cost of living index of 103, 1.1x Wickliffe.
Solon, OH has a cost of living index of 114, 1.2x Wickliffe.
City | Population | Cost Of Living | Vs. Wickliffe |
---|---|---|---|
Euclid, OH | 49,382 | 86 | 0.9x |
Shaker Heights, OH | 29,197 | 103 | 1.1x |
Solon, OH | 24,070 | 114 | 1.2x |
Willoughby, OH | 23,753 | 97 | 1.0x |
Twinsburg, OH | 19,220 | 103 | 1.1x |
Eastlake, OH | 17,743 | 93 | 1.0x |
Willowick, OH | 14,173 | 90 | 1.0x |
Lyndhurst, OH | 13,980 | 95 | 1.0x |
University Heights, OH | 13,950 | 96 | 1.0x |
Beachwood, OH | 13,806 | 116 | 1.2x |