| Index | Mentor | Ohio | National |
| Cost of living | 98 | 89 | 100 |
| Groceries | 99 | 97 | 100 |
| Health care | 97 | 96 | 100 |
| Housing | 102 | 74 | 100 |
| Transportation | 95 | 96 | 100 |
| Utilities | 96 | 96 | 100 |
| Lifestyle & Entertainment | 93 | 95 | 100 |
| Household Items | 99 | 97 | 100 |
| Education & Childcare | 99 | 93 | 100 |
Knowing the cost of living in Mentor 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 Mentor stands at 98, marking it 2% lower than the national average.
In Mentor, daily expenses such as food, housing, lifestyle expenses, transportation and health care are in line with comparable areas and about average when compared to all cities across the nation. This ensures that the cost of living in Mentor will resemble that of an average city, contributing to a manageable cost of living.
Is Mentor 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 Mentor, the median home price is 3.8% higher than what most folks pay across the country, and monthly rent prices are 1.7% lower than the usual rates. Income levels in Mentor come in at $109,499, which is 34.6% higher than the national average.
Utilities: Like everything else, utilities costs can range significantly depending on factors like climate, energy sources available, location and even state regulations. Things like electricity, water, heating and waste disposal costs can be higher or lower, depending on the city or state. The utilities index in Mentor comes in at 4% lower than the national average.
Groceries: The costs associated with groceries have witnessed substantial increases over the past 2-3 years. In select markets, food prices have escalated by more than 20% during this timeframe, whereas others have seen more restrained upticks. The variances in food expenses can exert a considerable influence on the overall cost of living in a given locale. In Mentor, the groceries index is 1% lower than the national average.
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 Mentor, the healthcare costs are 3% lower than the national average.
The Mentor cost of living data above is designed around a U.S. average baseline of 100, allowing for easy comparisons of relative living costs. Housing incorporates U.S. Census home price and rental data, while all other figures are AI-assisted estimates that account for regional price trends, climate, transportation dynamics, and common everyday expenses. These values are best used as directional city-to-city comparisons.
| 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 | $119,088 | $9,924 | $2,779 | $3,573 |
| Renters | $71,479 | $5,957 | $1,668 | $2,145 |
| 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. |
| East Cleveland, OH | 17,563 | 80 | 20.2% |
| Kinsman Center, OH | 674 | 82 | 18.1% |
| Euclid, OH | 48,275 | 85 | 15.0% |
| Fairport Harbor, OH | 3,168 | 88 | 11.7% |
| Painesville, OH | 20,574 | 88 | 11.7% |
| Mentor, OH | 48,930 | 98 | 1.5% |
| City | Population | Cost of Living Index | National Avg. |
| Chesterfield, MO | 48,902 | 122 | 22.4% |
| Marana, AZ | 48,967 | 116 | 16.2% |
| Beavercreek, OH | 48,876 | 102 | 1.9% |
| East Providence, RI | 48,849 | 108 | 8.4% |
| East Honolulu, HI | 49,017 | 226 | 125.6% |
| Mentor, OH | 48,930 | 98 | 1.5% |
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