| Index | Powell | Ohio | National |
| Cost of living | 127 | 89 | 100 |
| Groceries | 96 | 97 | 100 |
| Health care | 97 | 96 | 100 |
| Housing | 201 | 74 | 100 |
| Transportation | 94 | 96 | 100 |
| Utilities | 94 | 96 | 100 |
| Lifestyle & Entertainment | 95 | 95 | 100 |
| Household Items | 98 | 97 | 100 |
| Education & Childcare | 90 | 93 | 100 |
Understanding the cost of living in Powell can help future residents assess whether their current financial situation aligns with the expenses they will encounter. It enables them to plan for potential changes in their budget and lifestyle. The Powell cost of living index is 127, which is 27% higher than the national average. The cost of living index is calculated by taking into account multiple categories, which encompass both the cost of everyday expenditures and larger expenses as well.
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 Powell 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, Powell 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 Powell, 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 101.4% more than the average city. This includes stuff like home prices, rent, mortgage rates, and insurance.
Wondering if Powell is affordable? It's a question that often comes up when you're thinking about a new city since affordability can really shape your decisions. The cost of living index (covered earlier), housing expenses and income levels all play a part in the affordability equation. In Powell, for example, the median home price is 111.9% higher than what folks pay nationally, and monthly rent is 77% higher than the usual rates. Plus, income levels matter too, with Powell boasting a median household income of $238,046, which is 192.7% 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 Powell, the groceries index is 4.5% lower than the national average.
Healthcare: Healthcare costs and insurance premiums can undergo substantial fluctuations based on the city or state of residence. Elements such as the availability of healthcare facilities, out-of-pocket costs for medical consultations, dental expenses, prescription medication charges and specialized medical care fees all contribute to variations in the cost of living. In Powell, healthcare costs are 2.7% lower than the national average.
Taxes: Areas with higher taxes, including sales taxes and income taxes, can contribute to a higher cost of living. Paying more tax for everyday household expenses like clothing and food will result in higher costs, as will paying a higher rate of income tax. The general sales tax rate in Powell starts at 5.75% and the income tax rates start at 2.76%.
The Powell cost of living data displayed above uses a U.S. average baseline of 100 to provide a practical way to compare living expenses across cities. Housing estimates incorporate U.S. Census home price and rental data, while all other values are generated using AI-assisted models based on everyday expense expectations, regional pricing trends, climate, transportation patterns, and local economic conditions. These values are designed for directional city-to-city comparisons.
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| Groceries index | |
| Health care index | |
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| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $241,342 | $20,112 | $5,631 | $7,241 |
| Renters | $103,439 | $8,620 | $2,413 | $3,103 |
| 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. |
| Radnor, OH | 137 | 96 | 4.2% |
| Kilbourne, OH | 14 | 96 | 4.2% |
| Whitehall, OH | 19,429 | 87 | 13.0% |
| Magnetic Springs, OH | 357 | 87 | 13.5% |
| Lincoln Village, OH | 9,792 | 89 | 10.8% |
| Powell, OH | 13,792 | 127 | 26.8% |
| City | Population | Cost of Living Index | National Avg. |
| Brecksville, OH | 13,792 | 116 | 15.7% |
| Newington, VA | 13,791 | 144 | 44.1% |
| Yulee, FL | 13,794 | 110 | 10.4% |
| Solana Beach, CA | 13,797 | 256 | 155.6% |
| Taché, MB | 13,799 | n/a | |
| Powell, OH | 13,792 | 127 | 26.8% |
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