C
22%
Overall NAT. AVG.
7%
Goods & Services NAT. AVG.
87%
Housing NAT. AVG.
Search Homes for Sale
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 Bexley Ohio National
Cost of living12292100
Goods & Services94100100
Groceries104101100
Health care8598100
Housing18773100
Transportation90100100
Utilities9599100

An Overview of Cost of Living in Bexley, OH

Getting a feel for the cost of living in Bexley is essential for anyone planning to relocate, as it empowers them to make informed financial decisions, secure a comfortable lifestyle and maintain financial stability in their new environment. The cost of living in Bexley is 122, which is 22% higher than the national average. Relocating individuals may need to adjust their savings and investment strategies based on the cost of living in the new location. It influences decisions about retirement planning, investments and financial goals.

If affordability is among your top priorities when searching for a new place to live, this area may not be the ideal fit, as the cost of living in Bexley is among the most expensive in the United States. Just a minority of areas exhibit a cost of living at least 20% higher than the national average, and unfortunately, Bexley falls into this category, which may not align with your goal of finding a budget-friendly living environment.

Housing costs make up a big chunk of the cost of living in Bexley, 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 87% more than the average city. This includes stuff like home prices, rent, mortgage rates, and insurance.

Is Bexley Affordable?

Is Bexley an affordable place to live? That's a valid question to ask when you're thinking about moving to a new city. After all, how much it costs to live somewhere can be a huge factor in your decision. Affordability can be broken down into 3 common categories. The cost of living index (we talked about it earlier), housing expenses and income levels all play a big role in figuring out if a place is affordable. For instance, in Bexley, the median home price is 121.4% higher than what most folks pay across the country, and monthly rent prices are 6.7% higher than the usual rates. Income levels in Bexley come in at $109,805, which is 98.5% higher than the national average.

What Factors can Influence the Cost of Living in Bexley?

Healthcare: Healthcare costs and insurance premiums can fluctuate greatly based on the city or state. Access to healthcare facilities, out-of-pocket expenses for doctor\’s visits, dentist costs, medication costs and specialized care costs can all impact the cost of living. In Bexley, the healthcare costs are 14.8% lower than the national average.

Urbanization: Larger, urban areas boasting abundant amenities and robust employment prospects often exhibit a heightened cost of living, driven by the increased demand for services and residential relocation. Consequently, this leads to elevated home prices and higher rental rates. In contrast, sparsely populated rural locales or regions marked by diminished demand typically offer a more limited range of amenities and experience slower job market expansion. This translates into a more affordable cost of living.

Taxes: Cities that impose higher taxes, including sales and income taxes, can contribute to an escalated cost of living. The added expense of taxes on everyday goods like clothing and food naturally results in higher overall costs. Similarly, a higher income tax rate can further elevate the cost of living. In Bexley, the general sales tax rate starts at 5.75%, and income tax rates begin at 0%.

Where is the Data From?

The Bexley cost of living data you see above is sourced from the C2ER cost of living index, providing a practical and accurate means of comparing living expenses in urban areas. Updated quarterly, this index gathers data from over 300 independent researchers, covering more than 60 goods and services, in 6 different categories. These selections are made meticulously to represent a wide range of consumer expenditure categories. The weightings applied to cost differences are based on government survey data that tracks spending patterns among professional and executive households. It's important to note that while the C2ER index excludes data on sales or income tax rates, AreaVibes factors 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 Bexley is 33% higher than the Ohio average
  • The cost of living in Bexley is 22% higher than the national average
  • Bexley housing is 87% higher 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 Bexley

See all the best places to live around Bexley

Compare Bexley, 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$150,870$12,573$3,520$4,527
      Renters$45,273$3,773$1,056$1,358
      The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in Bexley, OH, as well as what the overall cost of living might be. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payments and not more than 36 percent of income on all expenses and debts. In Bexley, homeowners have a median income of $150,870. Using that number, a maximum of $3,520 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $45,273, which means there is a maximum of $1,056 to be spent on the costs of renting a home or apartment.

      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 Bexley National avg. Difference
      Haircut $21.46$24.2611.5%
      Beauty Salon $42.47$45.566.8%
      Toothpaste $3.69$3.700.4%
      Shampoo $1.32$1.282.8%
      Movie $12.00$12.131.1%
      Bowling $19.07$18.005.9%

      Groceries

      Item Bexley National avg. Difference
      Ground Beef $5.63$5.843.6%
      Fried Chicken $1.61$1.572.6%
      Milk $4.76$4.671.8%
      Potatoes $5.24$4.936.2%
      Pizza $11.49$12.094.9%
      Beer $10.68$10.412.6%

      Health Care

      Item Bexley National avg. Difference
      Optometrist $65.99$125.6847.5%
      Doctor $117.73$135.7813.3%
      Dentist $89.30$113.2921.2%
      Ibuprofen $10.68$10.650.3%
      Lipitor $475.58$468.601.5%

      Housing

      Item Bexley National avg. Difference
      Home Price $409,000.00$184,700.00121.4%
      Avg. Mortgage Payment $1,862.49$2,346.6920.6%
      Apartment Rent $1,013.00$949.006.7%

      Transportation

      Item Bexley National avg. Difference
      Gasoline $3.42$3.461.2%
      Tire Balancing $41.79$59.9230.3%

      Utilities

      Item Bexley National avg. Difference
      All Electricity $182.76$193.995.8%
      Phone $186.03$192.253.2%
      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.
      Orient, OH130955.3%
      Lockbourne, OH1608317.1%
      Derby, OH5438415.7%
      Urbancrest, OH1,1548515.4%
      Whitehall, OH18,9448614.5%
      Bexley, OH13,80512222.4%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Ewa Beach, HI13,80317574.6%
      Highland Park, NJ13,80313130.9%
      Forest Park, IL13,80811111.4%
      Havre de Grace, MD13,80811515.0%
      Taché, MB13,799n/a 
      Bexley, OH13,80512222.4%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.