Cost Of Living in Sheffield, OH

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A-

6%

Overall NAT. AVG.

3%

Groceries NAT. AVG.

30%

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	Sheffield	Ohio	National
Cost of living	106	89	100
Groceries	97	97	100
Health care	95	96	100
Housing	130	74	100
Transportation	94	96	100
Utilities	98	96	100
Lifestyle & Entertainment	97	95	100
Household Items	96	97	100
Education & Childcare	96	93	100

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Homes For Sale In Sheffield, OH

5380 Hawks Nest Cir

Sheffield Lake, OH

136 Haydens Arbor

Elyria, OH

5297 Garfield Blvd

Sheffield Village, OH

5358 Walnut Ridge Ln

Sheffield Village, OH

Cost Of Living Quick Facts

The cost of living in Sheffield is 19% higher than the Ohio average
The cost of living in Sheffield is 6% higher than the national average
Sheffield housing is 30% higher 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

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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	$134,395	$11,200	$3,136	$4,032
Renters	$100,231	$8,353	$2,339	$3,007

A good way to judge both the affordability of the housing and the cost of living in Sheffield 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. Sheffield has a median income of about $134,395 for people who own homes. Based on that number, a maximum of $3,136 should be spent on expenses related to housing. Renters have a slightly different median income, which is $100,231. Based on this average, renters should spend no more than $2,339 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.
Eaton Estates, OH	1,234	83	17.1%
Lorain, OH	66,173	84	15.7%
Kipton, OH	200	84	15.6%
Elyria, OH	55,802	86	14.1%
Sheffield Lake, OH	9,354	87	13.0%
Sheffield, OH	4,444	106	6.0%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
King City, OR	4,445	119	19.2%
Caldwell, TX	4,445	92	8.5%
Hallsville, TX	4,442	99	1.0%
Stellarton, NS	4,442	n/a
Buena, NJ	4,441	109	8.8%
Sheffield, OH	4,444	106	6.0%