Cost of living in Willoughby Hills 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 Willoughby Hills 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 Willoughby Hills is 107, with 100 being the average.
The cost of living index in Willoughby Hills is 1.1x higher than the national average.
Willoughby Hills ranks as the #259 cheapest in Ohio out of 286.
Willoughby Hills ranks as the #3,867 cheapest out of 6,412 in the US.
The median home value in Willoughby Hills is $274,300.
The median income in Willoughby Hills is $61,185.
According to the most recent data on the cost of living, Willoughby Hills has an overall cost of living index of 107, which is 1.1x higher than the national index of 100.
Compared to Ohio, Willoughby Hills has a cost of living index that's 1.2x higher than Ohio's index of 91.
The standard of living in Willoughby Hills ranks as #259 most affordable out of the 286 places we measured in Ohio. By definition, that implies Willoughby Hills ranks as the #27 most expensive place in the Buckeye State.
For more reading on life in Willoughby Hills, check out:
Six factors go into calculating the cost of living index in Willoughby Hills. Here is how it fairs on each of the criteria:
The Services index in Willoughby Hills is 102.
The Groceries index in Willoughby Hills is 103.
The Health index in Willoughby Hills is 109.
The Housing index in Willoughby Hills is 121.
The Transportation index in Willoughby Hills is 99.
The Utilities index in Willoughby Hills is 97.
Living Expense | Willoughby Hills | Ohio | National Average | |
---|---|---|---|---|
Overall | 107 | 91 | 100 | |
Services | 102 | 98 | 100 | |
Groceries | 103 | 101 | 100 | |
Health | 109 | 95 | 100 | |
Housing | 121 | 73 | 100 | |
Transportation | 99 | 98 | 100 | |
Utilities | 97 | 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 Willoughby Hills is $274,300.
The Median Rent in Willoughby Hills is $955.
The Median Income in Willoughby Hills is $61,185.
The Home Value To Income in Willoughby Hills is 4.5x.
The Rent To Monthly Income in Willoughby Hills is 0.19x.
Statistic | Willoughby Hills | Ohio | United States |
---|---|---|---|
Median Home Value | $274,300 | $159,900 | $244,900 |
Median Rent | $955 | $870 | $1,163 |
Median Income | $61,185 | $61,938 | $69,021 |
Home Value To Income | 4.5x | 2.6x | 3.5x |
Rent To Monthly Income | 0.19x | 0.17x | 0.2x |
Item | Willoughby Hills | 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 |
Item | Willoughby Hills | 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 |
Item | Willoughby Hills | Ohio |
---|---|---|
Optometrist | $86.0 | $108.57 |
Doctor | $121.47 | $116.17 |
Dentist | $119.67 | $99.13 |
Item | Willoughby Hills | Ohio |
---|---|---|
Gasoline | $2.25 | $2.22 |
Tire Balancing | $47.56 | $50.07 |
Item | Willoughby Hills | Ohio |
---|---|---|
All Electricity | $154.37 | $167.67 |
Phone | $180.6 | $175.64 |
The cost of living varies in the cities and towns around Willoughby Hills. 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, 0.8x Willoughby Hills.
Shaker Heights, OH has a cost of living index of 103, 1.0x Willoughby Hills.
Solon, OH has a cost of living index of 114, 1.1x Willoughby Hills.
City | Population | Cost Of Living | Vs. Willoughby Hills |
---|---|---|---|
Euclid, OH | 49,382 | 86 | 0.8x |
Shaker Heights, OH | 29,197 | 103 | 1.0x |
Solon, OH | 24,070 | 114 | 1.1x |
Willoughby, OH | 23,753 | 97 | 0.9x |
Mayfield Heights, OH | 20,113 | 95 | 0.9x |
Twinsburg, OH | 19,220 | 103 | 1.0x |
Willowick, OH | 14,173 | 90 | 0.8x |
Lyndhurst, OH | 13,980 | 95 | 0.9x |
Beachwood, OH | 13,806 | 116 | 1.1x |
Wickliffe, OH | 12,688 | 93 | 0.9x |