Housing costs in Olmsted Falls?
A typical home costs
$244,700, which is 27.6% less expensive than the national average of
$338,100 and 24.2% more expensive than the average Ohio home, at
$197,000. Renting a two-bedroom unit in Olmsted Falls costs
$1,220 per month, which is 14.7% cheaper than the national average of
$1,430 and 19.7% more than the state average of
$980.
Can I afford Olmsted Falls?
To live comfortably in Olmsted Falls (zip 44138), Ohio, a minimum annual income of
$46,800 for a family, and
$40,400 for a single person is recommended.
What does A.I. say about Olmsted Falls?
The cost of living in 44138 Olmsted Falls, OH is quite affordable. According to Sperling's Best Places, the cost of living index for this area is at 95, which is 5 points lower than the national average. This means that groceries, health care, housing, transportation, utilities and other basic goods and services are all priced significantly lower than elsewhere in the country. Additionally, property taxes tend to be low in this area due to the fact that it sits outside of a big city and is primarily residential. All of this makes for an attractive option for those looking to find a place with an affordable cost of living.