B-
8%
Overall NAT. AVG.
8%
Goods & Services NAT. AVG.
36%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index Avon Lake Ohio National
Cost of living10892100
Goods & Services92100100
Groceries101101100
Health care9598100
Housing13673100
Transportation98100100
Utilities10399100

An Overview of Cost of Living in Avon Lake, OH

Getting a feel for the cost of living in Avon Lake is essential for anyone planning to relocate, as it empowers them to make informed financial decisions, secure a comfortable lifestyle and maintain financial stability in their new environment. The cost of living in Avon Lake is 108, which is 8% higher than the national average. Relocating individuals may need to adjust their savings and investment strategies based on the cost of living in the new location. It influences decisions about retirement planning, investments and financial goals.

In Avon Lake, daily expenses such as food, housing, goods and services, transportation and health care are in line with comparable areas and about average when compared to all cities across the nation. This ensures that the cost of living in Avon Lake will resemble that of an average city, contributing to a manageable cost of living.

When it comes to the cost of living in Avon Lake, housing costs are a real heavyweight, often hogging a significant chunk of your earnings. Sadly, in this area, housing expenses for both buying and renting were 35.5% more expensive compared to your average city. That means you'll be shelling out more for homes, rents, mortgage rates and insurance.

Is Avon Lake Affordable?

Is Avon Lake an affordable place to live? It's a good question and one that you might want to ask when considering any new city, as affordability can play a huge role in the decision making process. The cost of living index (which we covered above), as well as housing costs and income levels play a vital role in determining the affordability of an area. The median home price in Avon Lake is 40.8% higher than the national average, while the average monthly rent prices are 23.3% higher than average. The affordability of any location can also be influenced by median income levels. Avon Lake has a median household income of $82,994, which is 50% higher than the national average.

What Factors can Influence the Cost of Living in Avon Lake?

Housing: When everyone's vying for homes in popular areas, it drives up property prices and rents, making the overall cost of living surge. On the flip side, in less sought-after locales, where housing demand is low, prices tend to dip, resulting in a more economical cost of living. In Avon Lake, the housing index comes in at 35.5% higher than the national average.

Groceries: Over the past 2-3 years, grocery expenses have experienced substantial upward trends. In certain markets, food prices have surged by over 20% during this period, while others have witnessed more modest increases. These fluctuations in food costs can wield significant influence over the overall cost of living in a given region. In Avon Lake, the groceries index is 1.1% higher than the national average.

Transportation: If public transportation is limited or not available, residents may need to own and maintain vehicles, which can add to the cost of living. Gas, insurance, regular maintenance and potentially lease or finance payments will all need to be paid on a monthly basis. In Avon Lake, the transportation index is 2% lower than the national average.

Where is the Data From?

The Avon Lake cost of living data you see above is sourced from the C2ER cost of living index, providing a practical and accurate means of comparing living expenses in urban areas. Updated quarterly, this index gathers data from over 300 independent researchers, covering more than 60 goods and services, in 6 different categories. These selections are made meticulously to represent a wide range of consumer expenditure categories. The weightings applied to cost differences are based on government survey data that tracks spending patterns among professional and executive households. It's important to note that while the C2ER index excludes data on sales or income tax rates, AreaVibes factors tax rates into the overall cost of living score for each region.

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Cost Of Living Quick Facts

  • The cost of living in Avon Lake is 17% higher than the Ohio average
  • The cost of living in Avon Lake is 8% higher than the national average
  • Avon Lake housing is 36% higher than the national average
  • Ohio general sales tax is 13% higher than the national average
  • Ohio state income tax is 6% higher than the national average

Most Affordable Places to Live in and Around Avon Lake

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Compare Avon Lake, OH Cost of Living

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      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$97,071$8,089$2,265$2,912
      Renters$47,708$3,976$1,113$1,431
      The affordability of the housing market in Avon Lake, OH as well as the overall cost of living can be predicted by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should be spent on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Avon Lake homeowners, the median income is $97,071. This indicates that a monthly maximum of $2,265 should be spent by homeowners on all housing related costs. Renters have a median income of $47,708. This indicates that renters would have a maximum of $1,113 for their rent related monthly costs.

      Ohio Sales Tax

      State General Sales Tax With Max Surtax
      Ohio 5.75% 8%

      Ohio Income Tax

      State Income Tax (Low) Income Tax (High)
      Ohio 2.76% 3.99%

      Goods & Services

      Item Avon Lake National avg. Difference
      Haircut $23.67$24.262.5%
      Beauty Salon $35.31$45.5622.5%
      Toothpaste $3.68$3.700.5%
      Shampoo $1.45$1.2813.0%
      Movie $11.60$12.134.4%
      Bowling $18.27$18.001.5%

      Groceries

      Item Avon Lake National avg. Difference
      Ground Beef $5.46$5.846.5%
      Fried Chicken $1.39$1.5711.4%
      Milk $4.57$4.672.3%
      Potatoes $5.38$4.939.1%
      Pizza $9.98$12.0917.4%
      Beer $10.51$10.411.0%

      Health Care

      Item Avon Lake National avg. Difference
      Optometrist $103.58$125.6817.6%
      Doctor $119.67$135.7811.9%
      Dentist $109.73$113.293.1%
      Ibuprofen $10.73$10.650.7%
      Lipitor $503.65$468.607.5%

      Housing

      Item Avon Lake National avg. Difference
      Home Price $260,000.00$184,700.0040.8%
      Avg. Mortgage Payment $1,788.16$2,346.6923.8%
      Apartment Rent $1,170.00$949.0023.3%

      Transportation

      Item Avon Lake National avg. Difference
      Gasoline $3.41$3.461.4%
      Tire Balancing $57.76$59.923.6%

      Utilities

      Item Avon Lake National avg. Difference
      All Electricity $205.88$193.996.1%
      Phone $186.78$192.252.8%
      Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Linndale, OH3348217.9%
      Eaton Estates, OH1,2098317.0%
      Lorain, OH63,8328415.5%
      Elyria, OH53,8448713.4%
      Sheffield Lake, OH9,0018812.3%
      Avon Lake, OH24,3091088.0%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Palmetto Bay, FL24,30815353.3%
      Papillion, NE24,3101021.9%
      Harvey, IL24,2959010.1%
      Okemos, MI24,2951065.6%
      Arnold, MD24,33414140.9%
      Avon Lake, OH24,3091088.0%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.