F
26%
Overall NAT. AVG.
8%
Goods & Services NAT. AVG.
96%
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 Hudson Ohio National
Cost of living12692100
Goods & Services92100100
Groceries101101100
Health care9598100
Housing19673100
Transportation98100100
Utilities10399100

An Overview of Cost of Living in Hudson, OH

Understanding the cost of living in Hudson 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 Hudson cost of living index is 126, which is 26% higher 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.

If you value affordability in your search for a new place to live, Hudson may not be the most suitable option, as it stands out as one of the priciest areas in the entire United States. Only a small fraction of regions have a cost of living that is more than 20% higher than the national average, and regrettably, Hudson falls into this category, which may not align with your desire for an affordable place to call home.

Housing costs make up a big chunk of the cost of living in Hudson, and they usually eat into a large part of your take-home pay. Unfortunately, in this area, both buying a home and renting one costs 96.2% more than the average city. This includes stuff like home prices, rent, mortgage rates, and insurance.

Is Hudson Affordable?

Is Hudson 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 Hudson, for instance, where the median home price falls 94.6% higher than the national average, and monthly rent rates are 100% higher than usual. Additionally, median income levels contribute to the equation, with Hudson flaunting a median household income of $133,418, 141.2% higher than the national norm.

What Factors can Influence the Cost of Living in Hudson?

Healthcare: Healthcare expenditures and insurance premium rates can vary significantly, contingent upon the particular city or state. Factors such as the accessibility of healthcare facilities, out-of-pocket expenses for doctor's appointments, dental care charges, prescription medication costs, and expenses related to specialized medical care can all have an impact on the overall cost of living. In Hudson, healthcare costs are 4.8% lower than the national average.

Urbanization: Larger, urban hubs brimming with ample amenities and robust employment opportunities often showcase a heightened cost of living. This surge is primarily attributed to the amplified demand for services and increased residential migration, culminating in elevated home prices and elevated rental rates. Conversely, less densely populated rural locales or regions characterized by reduced demand tend to offer a more limited array of amenities and undergo slower job market growth, ultimately yielding a more affordable cost of living.

Utilities: Similar to the prices of any other goods or services, utility expenditures can exhibit substantial variability, influenced by factors such as climate, energy sources accessibility, geographical location and state regulations. Costs related to electricity, water, heating, and waste disposal can fluctuate, whether higher or lower, contingent on the city or state. In Hudson, the utilities index is 2.8% higher than the national average.

Where is the Data From?

The Hudson cost of living data displayed above is derived from the C2ER cost of living index to provide a useful and reasonably accurate measure of living cost differences in urban areas. Published on a quarterly basis, it compiles data from more than 300 independent researchers, encompassing over 60 goods and services. These items have been meticulously selected to represent various consumer expenditure categories, in 6 categories. Weightings assigned to cost differentials draw from government survey data tracking spending patterns among professional and executive households. While the C2ER index excludes data on sales or income tax rates, AreaVibes incorporates 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 Hudson is 37% higher than the Ohio average
  • The cost of living in Hudson is 26% higher than the national average
  • Hudson housing is 96% higher than the national average
  • Ohio general sales tax is 13% higher than the national average
  • Ohio state income tax is 100% lower than the national average

Most Affordable Places to Live in and Around Hudson

See all the best places to live around Hudson

Compare Hudson, OH Cost of Living

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      Salary Calculator

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      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$141,425$11,785$3,300$4,243
      Renters$50,625$4,219$1,181$1,519
      A good way to judge both the affordability of the housing and the cost of living in Hudson 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. Hudson has a median income of about $141,425 for people who own homes. Based on that number, a maximum of $3,300 should be spent on expenses related to housing. Renters have a slightly different median income, which is $50,625. Based on this average, renters should spend no more than $1,181 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 0% 3.99%

      Goods & Services

      Item Hudson 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 Hudson 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 Hudson 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 Hudson National avg. Difference
      Home Price $359,500.00$184,700.0094.6%
      Avg. Mortgage Payment $1,788.16$2,346.6923.8%
      Apartment Rent $1,898.00$949.00100.0%

      Transportation

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

      Utilities

      Item Hudson 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.
      Sawyerwood, OH1,6048020.0%
      Bainbridge village, OH7298217.8%
      Highland Hills, OH7648217.8%
      Newburgh Heights, OH1,7988316.6%
      Akron, OH197,3758415.6%
      Hudson, OH22,24912626.2%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Watertown, SD22,249918.6%
      Prairie Village, KS22,25511515.1%
      Mont-Royal, QC22,238n/a 
      Mustang, OK22,228945.8%
      Frederickson, WA22,29013131.4%
      Hudson, OH22,24912626.2%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.