| Index | Hudson | Ohio | National |
| Cost of living | 128 | 89 | 100 |
| Groceries | 98 | 97 | 100 |
| Health care | 98 | 96 | 100 |
| Housing | 200 | 74 | 100 |
| Transportation | 96 | 96 | 100 |
| Utilities | 94 | 96 | 100 |
| Lifestyle & Entertainment | 97 | 95 | 100 |
| Household Items | 100 | 97 | 100 |
| Education & Childcare | 93 | 93 | 100 |
Knowing the cost of living in Hudson allows individuals to create a realistic budget. This helps them understand how their income will cover expenses and whether they need to make financial adjustments. The cost of living in any region can fluctuate due to various factors. To assess the cost of living consistently across different areas, a national average of 100 serves as the basis for the cost of living index. The cost of living in Hudson stands at 128, marking it 28% higher than the national average.
If you're in pursuit of an economical living environment, Hudson may not fit the bill, as it ranks among the most expensive places to reside in the United States. Just a minority of regions exhibit a cost of living that is more than 20% higher than the national average, and, unfortunately, Hudson falls within this bracket.
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 99.7% more than the average city. This includes stuff like home prices, rent, mortgage rates, and insurance.
Is Hudson affordable? This is a pivotal question, especially when mulling over a move, as affordability carries substantial weight in your decision-making process. Factors such as the cost of living index (discussed earlier), housing expenses and income levels all contribute to a location's affordability. For instance, in Hudson, the median home price is 101.1% higher than the national average and monthly rent prices are 96.4% higher than the typical rates. Additionally, the median income levels play a role in affordability, with Hudson boasting a median household income of $197,847, 143.3% higher than the national average.
Groceries: Grocery costs have continued to increase significantly over the last 2-3 years. In some markets the cost of food has gone up by more than 20% in that period. While other markets have managed to see only a moderate uptick. These food costs can have a major impact on the cost of living in any area. In Hudson, the groceries index is 2.5% lower than the national average.
Subsidies: Some cities and states may extend government subsidies or aid programs aimed at reducing the cost of living for their residents. These initiatives encompass diverse forms of support, including Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and farm subsidies. Regions with limited subsidy provisions may witness an increase in their overall cost of living.
Housing: Elevated demand for housing within coveted locales has the propensity to escalate both property values and rental rates, thereby serving as a primary catalyst for an augmented cost of living. Conversely, areas witnessing diminished housing demand, particularly within less desirable environs, often experience an inversely proportional effect, leading to price reductions and subsequently contributing to a more modest cost of living. In Hudson, the housing index is 99.7% higher than the national average.
The cost of living data for Hudson shown above is based on a U.S. average baseline score of 100, making it easier to compare how far your dollar may go from one city to another. Housing uses U.S. Census home price and rental data, while all remaining values are AI-assisted estimates informed by regional pricing, climate, transportation dynamics, and local economic factors. These scores are best used for directional comparisons between cities.
| Cost of living index | |
| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $213,388 | $17,782 | $4,979 | $6,402 |
| Renters | $76,428 | $6,369 | $1,783 | $2,293 |
| State | General Sales Tax | With Max Surtax |
| Ohio | 5.75% | 8% |
| State | Income Tax (Low) | Income Tax (High) |
| Ohio | 2.76% | 3.99% |
| City | Population | Cost of Living Index | National Avg. |
| Sawyerwood, OH | 1,645 | 79 | 21.4% |
| Highland Hills, OH | 782 | 82 | 18.0% |
| Bainbridge village, OH | 756 | 82 | 17.8% |
| Newburgh Heights, OH | 1,841 | 82 | 17.7% |
| Akron, OH | 203,042 | 83 | 17.0% |
| Hudson, OH | 22,996 | 128 | 27.6% |
| City | Population | Cost of Living Index | National Avg. |
| Waynesboro, VA | 23,002 | 101 | 1.4% |
| Mustang, OK | 22,986 | 97 | 3.3% |
| South Lake Tahoe, CA | 23,049 | 131 | 30.5% |
| Middletown, DE | 23,057 | 117 | 16.9% |
| Mount Pearl, NL | 23,066 | n/a | |
| Hudson, OH | 22,996 | 128 | 27.6% |
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