| Index | Vermilion | Ohio | National |
| Cost of living | 90 | 89 | 100 |
| Groceries | 95 | 97 | 100 |
| Health care | 94 | 96 | 100 |
| Housing | 79 | 74 | 100 |
| Transportation | 97 | 96 | 100 |
| Utilities | 95 | 96 | 100 |
| Lifestyle & Entertainment | 97 | 95 | 100 |
| Household Items | 95 | 97 | 100 |
| Education & Childcare | 94 | 93 | 100 |
Knowing the cost of living in Vermilion 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 Vermilion stands at 90, marking it 10% lower than the national average.
The cost of living in Vermilion 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 Vermilion 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 Vermilion 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 Vermilion, for instance, where the median home price falls 26.5% lower than the national average, and monthly rent rates are 6.9% lower than usual. Additionally, median income levels contribute to the equation, with Vermilion flaunting a median household income of $97,858, 20.3% higher than the national norm.
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 Vermilion, the transportation index stands at 3% lower than the national average.
Subsidies: Some cities and states may extend government subsidies or aid programs aimed at reducing the cost of living for their residents. These initiatives encompass diverse forms of support, including 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 farm subsidies. Regions with limited subsidy provisions may witness an increase in their overall cost of living.
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 Vermilion, the healthcare costs are 6.1% lower than the national average.
The Vermilion cost of living estimates above use a normalized U.S. average of 100 as the baseline for comparison. Housing values incorporate local home price and rental information from the U.S. Census, while all other estimates are AI-assisted and modeled using expected everyday expenses, local market trends, climate, and transportation-related cost pressures. The results are intended for practical 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 | $105,368 | $8,781 | $2,458 | $3,161 |
| Renters | $68,235 | $5,686 | $1,592 | $2,047 |
| 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. |
| Beulah Beach, OH | 13 | 95 | 4.8% |
| 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% |
| Vermilion, OH | 10,808 | 90 | 9.6% |
| City | Population | Cost of Living Index | National Avg. |
| Saint-Raymond, QC | 10,809 | n/a | |
| Oak Hills, CA | 10,811 | 136 | 36.2% |
| Gateway, FL | 10,802 | 121 | 21.5% |
| Farmington, MI | 10,802 | 104 | 3.8% |
| Saint-Sauveur, QC | 10,802 | n/a | |
| Vermilion, OH | 10,808 | 90 | 9.6% |
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