Madeira, OH Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Madeira, OH Summary

Cost of living in Madeira 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 Madeira 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 Madeira is 110, with 100 being the average.

  • The cost of living index in Madeira is 1.1x higher than the national average.

  • Madeira ranks as the #265 cheapest in Ohio out of 286.

  • Madeira ranks as the #4,128 cheapest out of 6,412 in the US.

  • The median home value in Madeira is $375,400.

  • The median income in Madeira is $142,917.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
110
Madeira's Overall Cost Of Living
1.1x
Higher Than The National Average

What is the cost of living in Madeira, OH?

According to the most recent data on the cost of living, Madeira has an overall cost of living index of 110, which is 1.1x higher than the national index of 100.

Compared to Ohio, Madeira has a cost of living index that's 1.2x higher than Ohio's index of 91.

The standard of living in Madeira ranks as #265 most affordable out of the 286 places we measured in Ohio. By definition, that implies Madeira ranks as the #21 most expensive place in the Buckeye State.

For more reading on life in Madeira, check out:

265 out of 286
In Ohio
4,128 out of 6,412
In America

Madeira Cost Of Living Vs. Ohio

Six factors go into calculating the cost of living index in Madeira. Here is how it fairs on each of the criteria:

  • The Services index in Madeira is 102.

  • The Groceries index in Madeira is 95.

  • The Health index in Madeira is 100.

  • The Housing index in Madeira is 130.

  • The Transportation index in Madeira is 109.

  • The Utilities index in Madeira is 89.

Living Expense Madeira Ohio National Average
Overall 110 91 100
Services 102 98 100
Groceries 95 101 100
Health 100 95 100
Housing 130 73 100
Transportation 109 98 100
Utilities 89 93 100
For more reading on cost of living around Ohio, check out:
Madeira Cost of Living Vs. OH

Madeira, 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 Madeira is $375,400.

  • The Median Rent in Madeira is $995.

  • The Median Income in Madeira is $142,917.

  • The Home Value To Income in Madeira is 2.6x.

  • The Rent To Monthly Income in Madeira is 0.08x.

Statistic Madeira Ohio United States
Median Home Value $375,400 $159,900 $244,900
Median Rent $995 $870 $1,163
Median Income $142,917 $61,938 $69,021
Home Value To Income 2.6x 2.6x 3.5x
Rent To Monthly Income 0.08x 0.17x 0.2x
Search Homes For Sale In Madeira, OH
$375,400
Median Home Value
$995
Median Rent
$142,917
Median Income

Madeira, OH Costs By Category

Detailed Madeira Services Costs Vs. Ohio

Item Madeira Ohio
Shampoo $0.94 $1.06
Movie $11.77 $10.68
Bowling $13.55 $14.67
Haircut $19.48 $18.62
Beauty Salon $34.8 $39.05

Detailed Madeira Groceries Costs Vs. Ohio

Item Madeira Ohio
Ground Beef $3.71 $4.22
Fried Chicken $1.25 $1.39
Milk $1.42 $2.05
Potatoes $3.87 $3.29
Pizza $10.12 $10.62
Beer $8.93 $9.38
Toothpaste $2.0 $2.34

Detailed Madeira Health Costs Vs. Ohio

Item Madeira Ohio
Optometrist $96.61 $108.57
Doctor $109.23 $116.17
Dentist $105.08 $99.13

Detailed Madeira Transportation Costs Vs. Ohio

Item Madeira Ohio
Gasoline $2.29 $2.22
Tire Balancing $57.11 $50.07

Detailed Madeira Utilities Costs Vs. Ohio

Item Madeira Ohio
All Electricity $134.81 $167.67
Phone $179.1 $175.64

Madeira SnackAbility

10
/10
Overall SnackAbility
Jobs
9/10
Housing
8.5
Affordability
9
Diversity
5
Safety
9
Amenities
8.5
Education
9.5
Commute
8.5

Cost Of Living In Cities Around Madeira

The cost of living varies in the cities and towns around Madeira. Here's a quick look at the cost of living in the most populous nearby places:

  • Mason, OH has a cost of living index of 104, 0.9x Madeira.

  • Monfort Heights, OH has a cost of living index of 98, 0.9x Madeira.

  • Mack, OH has a cost of living index of 104, 0.9x Madeira.

City Population Cost Of Living Vs. Madeira
Mason, OH 34,337 104 0.9x
Monfort Heights, OH 13,221 98 0.9x
Mack, OH 11,452 104 0.9x
Montgomery, OH 10,796 115 1.0x
Forestville, OH 10,485 99 0.9x
Wyoming, OH 8,691 112 1.0x
Kenwood, OH 8,143 114 1.0x
Dry Run, OH 7,457 120 1.1x
Covedale, OH 6,646 97 0.9x
Deer Park, OH 5,439 88 0.8x

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