A+
1%
Overall NAT. AVG.
5%
Goods & Services NAT. AVG.
4%
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 Sylvania Ohio National
Cost of living9992100
Goods & Services105100100
Groceries99101100
Health care8698100
Housing9673100
Transportation100100100
Utilities9499100

An Overview of Cost of Living in Sylvania, OH

Understanding the cost of living in Sylvania can help future residents assess whether their current financial situation aligns with the expenses they will encounter. It enables them to plan for potential changes in their budget and lifestyle. The Sylvania cost of living index is 99, which is 1% lower than the national average. The cost of living index is calculated by taking into account multiple categories, which encompass both the cost of everyday expenditures and larger expenses as well.

The cost of living in Sylvania closely mirrors the national average in comparison to other cities nationwide. Essential items such as groceries, goods and services, health care and utilities are priced at a level consistent with similar urban areas. This means that residents of Sylvania can anticipate that their daily expenses will remain reasonably in line with those of an average city, contributing to a manageable cost of living.

Is Sylvania Affordable?

Is Sylvania 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 Sylvania is 1.4% lower than the national average, while the average monthly rent prices are 9.9% lower than average. The affordability of any location can also be influenced by median income levels. Sylvania has a median household income of $77,287, which is 39.7% higher than the national average.

What Factors can Influence the Cost of Living in Sylvania?

Utilities: Like everything else, utilities costs can range significantly depending on factors like climate, energy sources available, location and even state regulations. Things like electricity, water, heating and waste disposal costs can be higher or lower, depending on the city or state. The utilities index in Sylvania comes in at 5.8% lower than the national average.

Groceries: Grocery costs have continued to increase significantly over the last 2-3 years. In some markets the cost of food has gone up by more than 20% in that period. While other markets have managed to see only a moderate uptick. These food costs can have a major impact on the cost of living in any area. In Sylvania, the groceries index is 1.5% lower than the national average.

Taxes: Cities that impose higher taxes, including sales and income taxes, can contribute to an escalated cost of living. The added expense of taxes on everyday goods like clothing and food naturally results in higher overall costs. Similarly, a higher income tax rate can further elevate the cost of living. In Sylvania, the general sales tax rate starts at 5.75%, and income tax rates begin at 0%.

Where is the Data From?

The Sylvania 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 Sylvania is 8% higher than the Ohio average
  • The cost of living in Sylvania is 1% lower than the national average
  • Sylvania housing is 4% lower 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 Sylvania

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Compare Sylvania, 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$95,100$7,925$2,219$2,853
      Renters$42,574$3,548$993$1,277
      A good way to judge both the affordability of the housing and the cost of living in Sylvania is by simply calculating the maximum that should be spent on housing, otherwise known as the debt-to-income ratio (DTI). The plan is to avoid spending more than 28 percent of the gross income on costs that pertain to housing and no more than 36 percent on all expenses and debts. Sylvania has a median income of about $95,100 for people who own homes. Based on that number, a maximum of $2,219 should be spent on expenses related to housing. Renters have a slightly different median income, which is $42,574. Based on this average, renters should spend no more than $993 on all rental costs if they want to maintain a non-impoverished standard of living.

      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 Sylvania National avg. Difference
      Haircut $23.45$24.263.3%
      Beauty Salon $39.83$45.5612.6%
      Toothpaste $3.75$3.701.3%
      Shampoo $1.21$1.285.5%
      Movie $11.62$12.134.2%
      Bowling $11.78$18.0034.6%

      Groceries

      Item Sylvania National avg. Difference
      Ground Beef $6.28$5.847.5%
      Fried Chicken $1.39$1.5711.4%
      Milk $4.55$4.672.5%
      Potatoes $4.83$4.932.1%
      Pizza $11.74$12.092.9%
      Beer $10.79$10.413.6%

      Health Care

      Item Sylvania National avg. Difference
      Optometrist $82.43$125.6834.4%
      Doctor $123.67$135.788.9%
      Dentist $92.00$113.2918.8%
      Ibuprofen $10.24$10.653.9%
      Lipitor $421.83$468.6010.0%

      Housing

      Item Sylvania National avg. Difference
      Home Price $182,100.00$184,700.001.4%
      Avg. Mortgage Payment $1,797.82$2,346.6923.4%
      Apartment Rent $855.00$949.009.9%

      Transportation

      Item Sylvania National avg. Difference
      Gasoline $3.38$3.462.3%
      Tire Balancing $64.21$59.927.2%

      Utilities

      Item Sylvania National avg. Difference
      All Electricity $180.12$193.997.2%
      Phone $184.90$192.253.8%
      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.
      Harbor View, OH1561000.4%
      Stony Ridge, OH6018613.8%
      Toledo, OH275,1168713.2%
      West Monroe, MI3,2618811.8%
      Luna Pier, MI1,1348911.4%
      Sylvania, OH19,242990.9%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Mamaroneck, NY19,24716766.9%
      Murray, KY19,2548911.2%
      Syosset, NY19,25418181.1%
      Haslett, MI19,223991.2%
      Arbutus, MD19,26711110.7%
      Sylvania, OH19,242990.9%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.