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Ohio Yearly Expenses by Quarter
Category:
State:
Multi-State
Control #:
US-174-AZ
Format:
Word;
PDF;
Rich Text
Instant download
Description
How to fill out Yearly Expenses By Quarter?
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FAQ
A single person needs $26,112 to live decently in the metro area that includes Cuyahoga, Geauga, Lake, Lorain and Medina counties. In the Akron metro area, which includes Summit and Portage counties, a family of four needs $61,498 a year.
But does bigger mean more expensive? Well, as it turns out, the cost of living in Texas is surprisingly affordable! In fact, the average cost of living in Texas is 7% lower than the national average.
The typical renter in Ohio spends $788 a month on housing, $235 less than the $1,023 national median monthly rent. Monthly rent for a one-bedroom in the state is $615, while the typical rent for a unit with five or more bedrooms is $1,031.
Ohio is 0.5% more expensive than Texas.
Consistently ranked one of the best states for business, Ohio offers residents many benefits too, including a low cost of living, excellent schools and good recreational opportunities.
The typical renter in Ohio spends $788 a month on housing, $235 less than the $1,023 national median monthly rent. Monthly rent for a one-bedroom in the state is $615, while the typical rent for a unit with five or more bedrooms is $1,031.
Residents also happen to enjoy an exceptionally low cost of living in Texas. In addition to not having to pay state income taxes, Texas residents can easily afford to own or rent a home, as home prices tend to be lower than the national average in many cities.
Ohio is one of the cheapest places to live in the U.S. Ohio's largest cities like Cincinnati, Columbus and Cleveland are far more affordable than other Midwestern cities like Chicago. You can find a nice apartment in all of the cities we listed above for under $1,000 no problem.
Living in Ohio is less expensive than it is on average across the U.S. as a whole. According to data from the Bureau of Economic Analysis, goods and services in the state cost 11.6% less than they do on average nationwide. Compared with all other states, Ohio has the eighth lowest overall cost of living.
