Berea, OH Cost Of Living
Cost Of Living In Berea, OH Summary
Cost of living in Berea 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 Berea 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 Berea is 94, with 100 being the average.
The cost of living index in Berea is 0.9x lower than the national average.
Berea ranks as the #188 cheapest in Ohio out of 286.
Berea ranks as the #2,290 cheapest out of 6,412 in the US.
The median home value in Berea is $152,300.
The median income in Berea is $60,417.
Table Of Contents
Berea's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Berea, OH?
According to the most recent data on the cost of living, Berea has an overall cost of living index of 94, which is 0.9x lower than the national index of 100.
Compared to Ohio, Berea has a cost of living index that's 1.0x higher than Ohio's index of 91.
The standard of living in Berea ranks as #188 most affordable out of the 286 places we measured in Ohio. By definition, that implies Berea ranks as the #98 most expensive place in the Buckeye State.
For more reading on life in Berea, check out:
- Living In Berea
- Berea Crime Report
- Search Homes For Sale In Berea, OH
In Ohio
In America
Berea Cost Of Living Vs. Ohio
Six factors go into calculating the cost of living index in Berea. Here is how it fairs on each of the criteria:
The Services index in Berea is 101.
The Groceries index in Berea is 103.
The Health index in Berea is 111.
The Housing index in Berea is 72.
The Transportation index in Berea is 99.
The Utilities index in Berea is 95.
| Living Expense | Berea | Ohio | National Average | |
|---|---|---|---|---|
| Overall | 94 | 91 | 100 | |
| Services | 101 | 98 | 100 | |
| Groceries | 103 | 101 | 100 | |
| Health | 111 | 95 | 100 | |
| Housing | 72 | 73 | 100 | |
| Transportation | 99 | 98 | 100 | |
| Utilities | 95 | 93 | 100 | |
Berea, 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 Berea is $152,300.
The Median Rent in Berea is $889.
The Median Income in Berea is $60,417.
The Home Value To Income in Berea is 2.5x.
The Rent To Monthly Income in Berea is 0.18x.
| Statistic | Berea | Ohio | United States |
|---|---|---|---|
| Median Home Value | $152,300 | $159,900 | $244,900 |
| Median Rent | $889 | $870 | $1,163 |
| Median Income | $60,417 | $61,938 | $69,021 |
| Home Value To Income | 2.5x | 2.6x | 3.5x |
| Rent To Monthly Income | 0.18x | 0.17x | 0.2x |
Median Home Value
Median Rent
Median Income
Berea, OH Costs By Category
Detailed Berea Services Costs Vs. Ohio
Detailed Berea Groceries Costs Vs. Ohio
Detailed Berea Health Costs Vs. Ohio
Detailed Berea Transportation Costs Vs. Ohio
Detailed Berea Utilities Costs Vs. Ohio
Berea SnackAbility
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Cost Of Living In Cities Around Berea
The cost of living varies in the cities and towns around Berea. Here's a quick look at the cost of living in the most populous nearby places:
Parma, OH has a cost of living index of 88, 0.9x Berea.
Strongsville, OH has a cost of living index of 99, 1.1x Berea.
North Ridgeville, OH has a cost of living index of 101, 1.1x Berea.
| City | Population | Cost Of Living | Vs. Berea |
|---|---|---|---|
| Parma, OH | 80,880 | 88 | 0.9x |
| Strongsville, OH | 46,187 | 99 | 1.1x |
| North Ridgeville, OH | 34,883 | 101 | 1.1x |
| Westlake, OH | 34,049 | 109 | 1.2x |
| North Olmsted, OH | 32,371 | 96 | 1.0x |
| Shaker Heights, OH | 29,197 | 103 | 1.1x |
| Rocky River, OH | 21,515 | 102 | 1.1x |
| Parma Heights, OH | 20,764 | 88 | 0.9x |
| Broadview Heights, OH | 19,820 | 104 | 1.1x |
| Brook Park, OH | 18,592 | 92 | 1.0x |
