| Index | Wadsworth | Ohio | National |
| Cost of living | 93 | 89 | 100 |
| Groceries | 98 | 97 | 100 |
| Health care | 97 | 96 | 100 |
| Housing | 91 | 74 | 100 |
| Transportation | 92 | 96 | 100 |
| Utilities | 99 | 96 | 100 |
| Lifestyle & Entertainment | 89 | 95 | 100 |
| Household Items | 93 | 97 | 100 |
| Education & Childcare | 88 | 93 | 100 |
The cost of living in Wadsworth affects the quality of life one can afford in this new location. It allows people to assess whether they can maintain their preferred lifestyle, including housing, leisure activities and dining options. Your total monthly expenditures can varry depending on the area, as well as many other factors. The cost of living in Wadsworth is 93, which is 7% lower than the national average. Knowledge of the cost of living can help individuals make informed decisions about retirement savings, investments, and financial goals.
The cost of living in Wadsworth 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 Wadsworth 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 Wadsworth 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 Wadsworth, the median home price is 8.2% lower than what most folks pay across the country, and monthly rent prices are 10.2% lower than the usual rates. Income levels in Wadsworth come in at $100,526, which is 23.6% higher than the national average.
Groceries: Over the past 2-3 years, grocery expenses have experienced substantial upward trends. In certain markets, food prices have surged by over 20% during this period, while others have witnessed more modest increases. These fluctuations in food costs can wield significant influence over the overall cost of living in a given region. In Wadsworth, the groceries index is 1.8% 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.
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 Wadsworth, the transportation index stands at 8% lower than the national average.
The Wadsworth 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.
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| Groceries index | |
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| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $120,993 | $10,083 | $2,823 | $3,630 |
| Renters | $68,275 | $5,690 | $1,593 | $2,048 |
| 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. |
| North Lawrence, OH | 222 | 82 | 18.4% |
| Akron, OH | 203,042 | 83 | 17.0% |
| Burbank, OH | 263 | 85 | 15.5% |
| Barberton, OH | 26,844 | 83 | 16.7% |
| Sterling, OH | 354 | 84 | 15.8% |
| Wadsworth, OH | 24,502 | 93 | 6.7% |
| City | Population | Cost of Living Index | National Avg. |
| Van Buren, AR | 24,502 | 87 | 13.0% |
| Newberg, OR | 24,502 | 124 | 23.7% |
| Oak Ridge, FL | 24,500 | 100 | 0.4% |
| Dix Hills, NY | 24,498 | 186 | 86.5% |
| Wekiwa Springs, FL | 24,510 | 125 | 25.2% |
| Wadsworth, OH | 24,502 | 93 | 6.7% |
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