Summary
- • Ohio's overall cost of living index is 90.8, making it 9.2% lower than the national average
- • The median home cost in Ohio is $167,200
- • Ohio's median rent for a two-bedroom apartment is $825
- • The average energy bill in Ohio is $103.23 per month
- • Ohio's average water bill is approximately $45 per month
- • The average cost of internet in Ohio is $60 per month
- • Ohio's average gas price is $3.11 per gallon
- • The average cost of car insurance in Ohio is $1,034 per year
- • Ohio's sales tax rate ranges from 6.75% to 8%, depending on the county
- • The average income tax rate in Ohio is 3.99%
- • Ohio's average property tax rate is 1.56%
- • The average cost of a meal at an inexpensive restaurant in Ohio is $15
- • A gallon of milk in Ohio costs an average of $2.09
- • The average monthly cost of groceries for one person in Ohio is $323
- • Ohio's average monthly healthcare premium for a 40-year-old is $456
With a cost of living index below the national average, Ohio is a budget-friendly state offering affordable housing, utilities, and everyday expenses. From the median home cost of $167,200 to the average gas price of $3.11 per gallon, Ohioans can enjoy a comfortable lifestyle without breaking the bank. So, whether youre crunching numbers or just curious about the price of a cappuccino or a movie ticket, Ohio has got you covered with its diverse yet wallet-friendly offerings.
Education
- The average annual tuition for in-state students at public universities in Ohio is $10,790
- Ohio's average private school tuition is $7,093 per year
- The average cost of childcare in Ohio is $9,697 per year
- Ohio's average in-state tuition for community colleges is $4,011 per year
- The average cost of textbooks and supplies for college students in Ohio is $1,240 per year
- Ohio's average cost for after-school programs is $3,673 per year
Interpretation
Ah, Ohio, where the cost of living is a strategic game of numbers. From juggling tuition fees that fluctuate like a seesaw to navigating through the financial maze of childcare expenses, residents here truly master the art of budgeting. With students shelling out thousands for textbooks and supplies while parents fork over fortunes for after-school programs, it's a pricey playground for education and childcare. Ohioans are experts in the economics of existence, where every dollar counts in this academic adventure.
Entertainment
- The average cost of a movie ticket in Ohio is $10.50
- A fitness club membership in Ohio costs an average of $35 per month
- The average cost of a beer in Ohio is $4
- Ohio's average cost for a concert ticket is $84
- The average cost of a zoo admission in Ohio is $20 for adults
- Ohio's average cost for a round of golf is $40
Interpretation
In the eclectic cost of living symphony that is Ohio, one can pirouette from a $4 beer at a local watering hole to a $84 concert ticket that promises melodies as sweet as a Buckeye victory chant. Need to stretch both your budget and your muscles? A mere $35 a month grants entry into the fitness club scene, where you can sweat away the abundance of affordable movie tickets and zoo outings. Just remember, in this state where the skies are as wide as the range of entertainment options, even golf outings are a steal at $40 for a round. Ohio: where your wallet may feel lighter, but your experiences are richer.
Food and Dining
- The average cost of a meal at an inexpensive restaurant in Ohio is $15
- A gallon of milk in Ohio costs an average of $2.09
- The average monthly cost of groceries for one person in Ohio is $323
- The average cost of a loaf of bread in Ohio is $2.50
- Ohio's average cost for a dozen eggs is $2.99
- The average cost of a pound of chicken breast in Ohio is $3.50
- Ohio's average cost for a pound of apples is $1.80
- The average cost of a cappuccino in Ohio is $4.25
- Ohio's average cost for a bottle of wine is $12
- The average cost of a Big Mac in Ohio is $3.99
Interpretation
In Ohio, it seems that you can have your wine and Big Mac, but maybe reconsider that cappuccino unless you're ready to splurge. The cost of living in the Buckeye State doesn't break the bank with milk and bread, but those eggs and chicken breast prices might make you cluck a little. If you're budgeting for groceries, watch out for that average monthly bill - it might just be the weight of your wallet pulling you down. So, whether you're sipping on a cappuccino or enjoying a meal out, just remember to keep a close eye on those Ohio price tags if you want to balance your budget with your appetite.
Healthcare
- Ohio's average monthly healthcare premium for a 40-year-old is $456
- The average out-of-pocket maximum for health insurance in Ohio is $8,550
- Ohio's average cost for a doctor's visit is $108
- The average cost of a dental cleaning in Ohio is $97
- Ohio's average cost for an eye exam is $106
- The average cost of prescription drugs in Ohio is $1,286 per person annually
Interpretation
Ohio may be the birthplace of aviation, but its residents are certainly not flying high when it comes to the cost of living. With healthcare premiums that could make your bank account sputter, out-of-pocket maximums that rival a luxury vacation, and prescription drug costs that might leave you seeing stars—clearly, the Buckeye State isn't cutting any corners when it comes to your well-being. So, while Ohioans may have their eyes on the sky, they're also keeping a close watch on their wallets when it comes to staying healthy.
Housing Costs
- The median home cost in Ohio is $167,200
- Ohio's median rent for a two-bedroom apartment is $825
- The average cost of a home security system in Ohio is $30 per month
- Ohio's average homeowners insurance cost is $862 per year
- The average cost of renters insurance in Ohio is $175 per year
Interpretation
In Ohio, where the median home cost is a relative steal at $167,200, it seems like living in a house might be more financially appealing than renting, especially with the average rent for a two-bedroom apartment at $825. But hold your horses before signing that mortgage, as homeowners will need to factor in the average cost of a home security system at $30 per month and an annual homeowners insurance bill of $862. Renters, on the other hand, can breathe a bit easier with an average renters insurance cost of $175 per year, proving that when it comes to protecting your space in the Buckeye State, being prepared is key - and it doesn't have to break the bank.
Income
- Ohio's median household income is $58,642
- The minimum wage in Ohio is $9.30 per hour
- Ohio's unemployment rate is 4.1%
- The average annual bonus in Ohio is $4,500
- Ohio's average hourly wage is $24.82
- The average cost of living wage for a single adult in Ohio is $13.16 per hour
Interpretation
In Ohio, where the buckeye nuts fall and the Great Lakes stand majestic, the numbers tell a tale of economic equilibrium tinged with a hint of uncertainty. With a median household income of $58,642 and a minimum wage of $9.30 per hour, balancing the scales of prosperity proves to be a delicate dance. The average hourly wage of $24.82 and modest bonus of $4,500 whisper promises of upward mobility, yet a cost of living wage of $13.16 per hour for a single adult serves as a stark reminder of the tightrope many Ohioans walk. While the unemployment rate of 4.1% casts shadows of doubt, perhaps amid the rolling hills and urban skylines, lies the promise of a state striving for equilibrium in an ever-shifting economy.
Miscellaneous
- Ohio's average monthly cost for pet insurance is $35
- The average cost of a veterinary visit in Ohio is $58
- Ohio's average cost for a movie rental is $5
- The average cost of a newspaper subscription in Ohio is $15 per month
- Ohio's average cost for a pack of cigarettes is $6.65
Interpretation
In Ohio, you can insure your furry friend for the price of a fancy dinner, have your pet seen by a vet for less than the cost of a fancy cocktail, rent a movie for cheaper than a fast-food meal, stay informed with a monthly newspaper subscription for the price of a meal deal, and still have some change left over to indulge in an unhealthy habit. So, whether you're a pet-loving cinephile with a passion for news and the occasional smoke break, Ohio's cost of living has a little something for everyone – just be sure to budget wisely, and maybe cut back on those cigarettes.
Overall Cost of Living
- Ohio's overall cost of living index is 90.8, making it 9.2% lower than the national average
Interpretation
In the fascinating realm of numbers and budgets, Ohio emerges as the ultimate financial wizard with its cost of living index standing at a cool 90.8, a solid 9.2% lower than the national average. It's as if Ohio is saying, "Why pay more when you can have the same quality of life for less?" Whether it's the charm of the Buckeye State or simply some savvy financial planning, Ohioans are clearly living the dream at a discount. It seems the only thing higher than Ohio's roller coasters are the savings in its residents' wallets.
Personal Care
- The average cost of a haircut in Ohio is $20
- Ohio's average cost for a manicure is $25
- The average cost of toiletries in Ohio is $45 per month
- Ohio's average cost for dry cleaning a suit is $15
- The average cost of a gym membership in Ohio is $35 per month
- Ohio's average cost for a bottle of shampoo is $5
Interpretation
In Ohio, looking your best comes at a price - $20 for a snip, $25 for polished nails, and $15 to keep your suit sharp. It seems the Buckeye state has a keen eye for cleanliness too, with toiletries ringing in at a cool $45 a month. More concerned with sculpting your physique? That gym membership will set you back $35. But don't worry, your hair can shine just as bright for only $5 with a bottle of shampoo. In Ohio, the cost of living may be reasonable, but the cost of grooming... well, that's where they really start to rake it in.
Taxes
- Ohio's sales tax rate ranges from 6.75% to 8%, depending on the county
- The average income tax rate in Ohio is 3.99%
- Ohio's average property tax rate is 1.56%
Interpretation
Ah, Ohio, where the sales tax dances like a fickle partner, ranging from 6.75% to 8% depending on the whims of the county. The income tax plays it cool at a steady 3.99%, keeping things steady in the financial tango. And let's not forget the property tax, a modest 1.56% that quietly hums along in the background. So, if you're looking to waltz through life in the Buckeye State, be prepared to pay your dues, but hey, at least the taxes aren't as out of step as some other places.
Transportation
- Ohio's average gas price is $3.11 per gallon
- The average cost of car insurance in Ohio is $1,034 per year
- Ohio's average monthly public transportation pass costs $62
- The average cost of a new car in Ohio is $41,000
- Ohio's average annual car maintenance cost is $388
Interpretation
Navigating the jungle of Ohio's cost of living feels like a rollercoaster ride with its $3.11 per gallon gas prices making you want to bring your piggy bank along for the drive, while the average car insurance of $1,034 per year is the insurance equivalent of getting a second mortgage on your vehicle. And if you're thinking about ditching the car and hopping on public transportation, the $62 monthly pass might just make you want to hitchhike with a friendly Amish horse and buggy. However, if you manage to resist the temptations of gas-guzzling and insurance hikes, the average cost of a new car at $41,000 in Ohio might make you reconsider your commitment to four wheels. And let's not forget about the cherry on top - the annual car maintenance cost of $388, which might have you questioning whether your wheels are held together with duct tape and a prayer. Welcome to Ohio, where the cost of living is a balancing act between practicality and frivolity.
Utilities
- The average energy bill in Ohio is $103.23 per month
- Ohio's average water bill is approximately $45 per month
- The average cost of internet in Ohio is $60 per month
- Ohio's average electricity rate is 12.29 cents per kWh
- The average natural gas rate in Ohio is $10.89 per thousand cubic feet
- Ohio's average monthly phone bill is $114
Interpretation
Ohioans are surely feeling the heat when it comes to their monthly bills, with costs that could make even a power grid feel the strain. From electricity rates that might leave you feeling a bit shocked to phone bills that could call for a closer look at your budget, it's clear that the cost of living in the Buckeye State is no small change. So next time you're surfing the internet on your pricey connection, remember that in Ohio, even the water bill might make you want to cry rivers.