A+
15%
Overall NAT. AVG.
8%
Goods & Services NAT. AVG.
40%
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 Warrensville Heights Ohio National
Cost of living8592100
Goods & Services92100100
Groceries101101100
Health care9598100
Housing6073100
Transportation98100100
Utilities10399100

An Overview of Cost of Living in Warrensville Heights, OH

Understanding the cost of living in Warrensville Heights 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 Warrensville Heights cost of living index is 85, which is 15% 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.

Housing costs often consume a significant share of your take-home income, often surpassing 30%. Fortunately, Warrensville Heights distinguishes itself by reporting housing expenses that are 40.4% below the national average. This indicates that both owning a home and renting in this area are notably more budget-friendly compared to the rest of the nation. With such favorable housing affordability, residents of Warrensville Heights can allocate more of their income to housing, enhancing their financial flexibility.

Is Warrensville Heights Affordable?

Is Warrensville Heights 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 Warrensville Heights, for instance, where the median home price falls 52.6% lower than the national average, and monthly rent rates are 11.9% lower than usual. Additionally, median income levels contribute to the equation, with Warrensville Heights flaunting a median household income of $39,919, 27.8% lower than the national norm.

What Factors can Influence the Cost of Living in Warrensville Heights?

Utilities: As with the prices of anything else, utility costs can exhibit significant variations, contingent on factors like climate, energy source availability, geographic location and state regulations. The expenses associated with electricity, water, heating, and waste disposal can fluctuate, either upward or downward, depending on the particular city or state. In Warrensville Heights, the utilities index registers 2.8% 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 Warrensville Heights, the groceries index is 1.1% higher than the national average.

Healthcare: The costs associated with healthcare and insurance premiums can exhibit notable disparities based on the city or state of residence. Access to healthcare facilities, out-of-pocket expenses for medical appointments, dental care charges, prescription medication costs and specialized medical care expenses all contribute to variations in the cost of living. In Warrensville Heights, healthcare costs are 4.8% lower than the national average.

Where is the Data From?

The cost of living in Warrensville Heights, 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.

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Cost Of Living Quick Facts

  • The cost of living in Warrensville Heights is 7% lower than the Ohio average
  • The cost of living in Warrensville Heights is 15% lower than the national average
  • Warrensville Heights housing is 40% 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 Warrensville Heights

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Compare Warrensville Heights, 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$48,592$4,049$1,134$1,458
      Renters$32,609$2,717$761$978
      The affordability of the housing market in Warrensville Heights, 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 Warrensville Heights homeowners, the median income is $48,592. This indicates that a monthly maximum of $1,134 should be spent by homeowners on all housing related costs. Renters have a median income of $32,609. This indicates that renters would have a maximum of $761 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 Warrensville Heights 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 Warrensville Heights 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 Warrensville Heights 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 Warrensville Heights National avg. Difference
      Home Price $87,600.00$184,700.0052.6%
      Avg. Mortgage Payment $1,788.16$2,346.6923.8%
      Apartment Rent $836.00$949.0011.9%

      Transportation

      Item Warrensville Heights National avg. Difference
      Gasoline $3.41$3.461.4%
      Tire Balancing $57.76$59.923.6%

      Utilities

      Item Warrensville Heights 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.
      East Cleveland, OH17,0478020.0%
      Linndale, OH3348217.9%
      Kinsman Center, OH6608217.9%
      Bainbridge village, OH7298217.8%
      Highland Hills, OH7648217.8%
      Warrensville Heights, OH13,1788514.8%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Mountain Park, GA13,1761077.0%
      Miami, OK13,1768218.3%
      Tiny, ON13,182n/a 
      Rogers, MN13,18312020.3%
      Lachute, QC13,184n/a 
      Warrensville Heights, OH13,1788514.8%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.