Housing costs in Sheffield Lake?
A typical home costs
$169,900, which is 49.7% less expensive than the national average of
$338,100 and 13.8% less expensive than the average Ohio home, at
$197,000. Renting a two-bedroom unit in Sheffield Lake costs
$1,100 per month, which is 23.1% cheaper than the national average of
$1,430 and 10.9% more than the state average of
$980.
Can I afford Sheffield Lake?
To live comfortably in Sheffield Lake, Ohio, a minimum annual income of
$32,400 for a family, and
$36,000 for a single person is recommended.
What does A.I. say about Sheffield Lake?
The cost of living in Sheffield Lake, OH is quite reasonable compared to other cities in the US. According to information from BestPlaces, the cost of living index for this small city is 86.4, which is 14% lower than the national average. The median house price is $114,300, which is significantly lower than many other areas in Ohio and even nationwide. Additionally, groceries are 11% cheaper on average and utilities are 7% cheaper than the national average. All in all, Sheffield Lake provides a great cost of living for those looking to move there.