Housing costs in Derby?
A typical home costs
$123,400, which is 63.5% less expensive than the national average of
$338,100 and 37.4% less expensive than the average Ohio home, at
$197,000. Renting a two-bedroom unit in Derby costs
$1,090 per month, which is 23.8% cheaper than the national average of
$1,430 and 10.1% more than the state average of
$980.
Can I afford Derby?
To live comfortably in Derby, Ohio, a minimum annual income of
$23,760 for a family, and
$35,200 for a single person is recommended.
What does A.I. say about Derby?
The cost of living in Derby, OH is relatively low compared to the national average. According to BestPlaces.net, the overall cost of living index for Derby is 84, which is 16 points below the national average of 100. The most expensive expense in Derby is housing, with a median home value of $137,400. However, other living expenses such as groceries and health care are much less expensive than the national average. In addition to this, utilities costs are very affordable due to an abundance of natural gas and electricity options in the area. Overall, those considering relocating to Derby can expect to find lower costs related to housing and other day-to-day expenses.