Cost of Living in Olmsted Falls, OH

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A+
6%
Overall NAT. AVG.
5%
Groceries NAT. AVG.
10%
Housing NAT. AVG.
Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index Olmsted Falls Ohio National
Cost of living9489100
Groceries9597100
Health care9796100
Housing9074100
Transportation9496100
Utilities9396100
Lifestyle & Entertainment9995100
Household Items9797100
Education & Childcare9593100
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Homes For Sale In Olmsted Falls, OH

property for sale

24065 West St

Olmsted Falls, OH
property for sale

7353 Columbia Rd

Olmsted Falls, OH
property for sale

23174 Grist Mill Ct

Olmsted Falls, OH
property for sale

7086 McKenzie Rd

Olmsted Twp, OH

Cost Of Living Quick Facts

  • The cost of living in Olmsted Falls is 5% higher than the Ohio average
  • The cost of living in Olmsted Falls is 6% lower than the national average
  • Olmsted Falls housing is 10% lower 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 Olmsted Falls

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      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index
      Lifestyle index
      Household index
      Educare index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$129,942$10,829$3,032$3,899
      Renters$58,414$4,868$1,363$1,753
      A good way to judge both the affordability of the housing and the cost of living in Olmsted Falls 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. Olmsted Falls has a median income of about $129,942 for people who own homes. Based on that number, a maximum of $3,032 should be spent on expenses related to housing. Renters have a slightly different median income, which is $58,414. Based on this average, renters should spend no more than $1,363 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 2.76% 3.99%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Linndale, OH3468118.5%
      Cleveland, OH391,3408118.9%
      Eaton Estates, OH1,2348317.1%
      Newburgh Heights, OH1,8418217.7%
      Lorain, OH66,1738415.7%
      Olmsted Falls, OH9,124946.2%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Berkeley, MO9,1248416.1%
      Fort Valley, GA9,1278515.3%
      North Kensington, MD9,13014342.9%
      Stoneham-et-Tewkesbury, QC9,130n/a 
      Andover, MA9,11716059.9%
      Olmsted Falls, OH9,124946.2%
      Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
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