| Index | London | Ohio | National |
| Cost of living | 92 | 89 | 100 |
| Groceries | 98 | 97 | 100 |
| Health care | 97 | 96 | 100 |
| Housing | 83 | 74 | 100 |
| Transportation | 94 | 96 | 100 |
| Utilities | 97 | 96 | 100 |
| Lifestyle & Entertainment | 92 | 95 | 100 |
| Household Items | 97 | 97 | 100 |
| Education & Childcare | 94 | 93 | 100 |
Getting a feel for the cost of living in London 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 London is 92, which is 8% lower 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.
The cost of living in London closely mirrors the national average in comparison to other cities nationwide. Essential items such as groceries, houshold expenses, health care and utilities are priced at a level consistent with similar urban areas. This means that residents of London can anticipate that their daily expenses will remain reasonably in line with those of an average city, contributing to a manageable cost of living.
Is London 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 London, for instance, where the median home price falls 16.9% lower than the national average, and monthly rent rates are 17.5% lower than usual. Additionally, median income levels contribute to the equation, with London flaunting a median household income of $85,667, 5.3% higher than the national norm.
Taxes: Regions that impose higher taxes, including sales and income taxes, can contribute to an increased cost of living. Higher taxes for everyday necessities such as clothing, utilities and food inevitably leads to higher expenditures. Additionally, a higher income tax rate can also play a role in elevating the overall cost of living. In London, the prevailing sales tax rate starts at 5.75%, and income tax rates kick off at 2.76%.
Subsidies: Certain regions may provide government subsidies or assistance initiatives designed to alleviate the cost of living burden on their residents. These programs encompass a wide range of support mechanisms, such as 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 farming subsidies. Areas with fewer subsidy offerings might experience an elevation in their cost of living.
Transportation: In cities with limited or no public transportation, residents may find it necessary to own and maintain vehicles, thereby elevating the cost of living. Monthly expenditures include fuel, insurance, routine maintenance and potential lease or financing commitments. In London, the transportation index stands at 6.1% lower than the national average.
The cost of living data for London 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 | $109,169 | $9,097 | $2,547 | $3,275 |
| Renters | $60,554 | $5,046 | $1,413 | $1,817 |
| 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. |
| South Solon, OH | 426 | 84 | 16.0% |
| South Charleston, OH | 1,851 | 84 | 15.8% |
| Mechanicsburg, OH | 1,996 | 86 | 14.0% |
| Derby, OH | 563 | 86 | 14.3% |
| Midway, OH | 310 | 86 | 13.9% |
| London, OH | 10,474 | 92 | 8.1% |
| City | Population | Cost of Living Index | National Avg. |
| Woodburn, VA | 10,475 | 162 | 62.4% |
| Cedar Hills, UT | 10,472 | 133 | 32.9% |
| South Huntington, NY | 10,476 | 145 | 44.8% |
| Mentone, CA | 10,471 | 128 | 27.5% |
| Golden Hills, CA | 10,470 | 124 | 24.0% |
| London, OH | 10,474 | 92 | 8.1% |
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