A
3%
Overall NAT. AVG.
7%
Goods & Services NAT. AVG.
23%
Housing NAT. AVG.
Search Homes for Sale
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 Gahanna Ohio National
Cost of living10392100
Goods & Services94100100
Groceries104101100
Health care8598100
Housing12373100
Transportation90100100
Utilities9599100

An Overview of Cost of Living in Gahanna, OH

Getting a feel for the cost of living in Gahanna 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 Gahanna is 103, which is 3% 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.

Everyday expenditures like food, housing, goods and services, transportation and health care in Gahanna are priced in a manner consistent with other areas. This means that residents of Gahanna can anticipate their daily expenses remaining reasonably similar to those in an average city, thereby supporting a manageable cost of living.

Housing costs are a very significant part of the Gahanna cost of living index and generally encompass a large percentage of take-home income. Unfortunately, in this area, the housing costs for both homes and rentals were 23.2% more than the average city. This includes things like home and rent prices, mortgage rates and insurance.

Is Gahanna Affordable?

Is Gahanna affordable? It's a key consideration when pondering a move, as affordability often shapes your choices. The cost of living index (we discussed it earlier), coupled with housing costs and income levels, serves as the cornerstone for determining a location's affordability. Take Gahanna, for instance, where the median home price falls 23.9% higher than the national average, and monthly rent rates are 21.5% higher than usual. Additionally, median income levels contribute to the equation, with Gahanna flaunting a median household income of $89,945, 62.6% higher than the national norm.

What Factors can Influence the Cost of Living in Gahanna?

Housing: Elevated demand for housing within coveted locales has the propensity to escalate both property values and rental rates, thereby serving as a primary catalyst for an augmented cost of living. Conversely, areas witnessing diminished housing demand, particularly within less desirable environs, often experience an inversely proportional effect, leading to price reductions and subsequently contributing to a more modest cost of living. In Gahanna, the housing index is 23.2% higher than the national average.

Urbanization: Larger, urban centers, known for their wealth of amenities and strong employment prospects, often exhibit an elevated cost of living, primarily attributable to the heightened demand for services and residential relocation. Consequently, this scenario leads to elevated home prices and higher rental rates. In contrast, sparsely populated rural areas or regions characterized by diminished demand typically provide a more limited array of amenities and experience slower job market growth, resulting in a more affordable cost of living.

Utilities: Similar to the prices of any other goods or services, utility expenditures can exhibit substantial variability, influenced by factors such as climate, energy sources accessibility, geographical location and state regulations. Costs related to electricity, water, heating, and waste disposal can fluctuate, whether higher or lower, contingent on the city or state. In Gahanna, the utilities index is 4.7% lower than the national average.

Where is the Data From?

The cost of living in Gahanna, presented above is derived from the C2ER cost of living index, offering a practical method for assessing living cost disparities in urban areas. Published quarterly, this index compiles data from more than 300 independent researchers, encompassing over 60 goods and services in 6 categories. The weightings assigned to cost variances are informed by government survey data tracking the expenditure patterns of professional and executive households. It should be noted that the C2ER index does not include data on sales or income tax rates, however, AreaVibes incorporates tax rates into the overall cost of living score for each area.

New Real Estate Listings in Gahanna Area
Search Homes for Sale in Gahanna, OH

Cost Of Living Quick Facts

  • The cost of living in Gahanna is 12% higher than the Ohio average
  • The cost of living in Gahanna is 3% higher than the national average
  • Gahanna housing is 23% 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 Gahanna

See all the best places to live around Gahanna

Compare Gahanna, OH Cost of Living

      vs
      How would you rate the cost of living in Gahanna?
      Write a review to give others more information about this area.
      Is the cost of living increasing or decreasing in Gahanna?
      Write a review to give others more information about this area.
      See all Gahanna poll results

      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$105,450$8,788$2,460$3,164
      Renters$54,124$4,510$1,263$1,624
      The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Gahanna, OH, as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Gahanna homeowners, is $105,450. This would allow for a maximum of $2,460 per month to be spent on housing costs. For renters, the median monthly income is $54,124 which would result in a maximum of $1,263 to be spent on rental 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 Gahanna National avg. Difference
      Haircut $21.46$24.2611.5%
      Beauty Salon $42.47$45.566.8%
      Toothpaste $3.69$3.700.4%
      Shampoo $1.32$1.282.8%
      Movie $12.00$12.131.1%
      Bowling $19.07$18.005.9%

      Groceries

      Item Gahanna National avg. Difference
      Ground Beef $5.63$5.843.6%
      Fried Chicken $1.61$1.572.6%
      Milk $4.76$4.671.8%
      Potatoes $5.24$4.936.2%
      Pizza $11.49$12.094.9%
      Beer $10.68$10.412.6%

      Health Care

      Item Gahanna National avg. Difference
      Optometrist $65.99$125.6847.5%
      Doctor $117.73$135.7813.3%
      Dentist $89.30$113.2921.2%
      Ibuprofen $10.68$10.650.3%
      Lipitor $475.58$468.601.5%

      Housing

      Item Gahanna National avg. Difference
      Home Price $228,800.00$184,700.0023.9%
      Avg. Mortgage Payment $1,862.49$2,346.6920.6%
      Apartment Rent $1,153.00$949.0021.5%

      Transportation

      Item Gahanna National avg. Difference
      Gasoline $3.42$3.461.2%
      Tire Balancing $41.79$59.9230.3%

      Utilities

      Item Gahanna National avg. Difference
      All Electricity $182.76$193.995.8%
      Phone $186.03$192.253.2%
      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.
      Hartford, OH3558515.4%
      Urbancrest, OH1,1548515.4%
      Whitehall, OH18,9448614.5%
      Lincoln Village, OH9,5468712.8%
      Kirkersville, OH5538712.7%
      Gahanna, OH35,4421033.2%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Eagle Mountain, UT35,43112221.5%
      Richmond, IN35,4678119.1%
      Oswego, IL35,47011414.3%
      Wildwood, MO35,47612221.7%
      Inver Grove Heights, MN35,49211010.2%
      Gahanna, OH35,4421033.2%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.