| Index | Medina | Ohio | National |
| Cost of living | 96 | 89 | 100 |
| Groceries | 99 | 97 | 100 |
| Health care | 97 | 96 | 100 |
| Housing | 94 | 74 | 100 |
| Transportation | 99 | 96 | 100 |
| Utilities | 93 | 96 | 100 |
| Lifestyle & Entertainment | 92 | 95 | 100 |
| Household Items | 98 | 97 | 100 |
| Education & Childcare | 93 | 93 | 100 |
The cost of living in Medina 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 Medina is 96, which is 4% lower than the national average. Knowledge of the cost of living can help individuals make informed decisions about retirement savings, investments, and financial goals.
In Medina, daily expenses such as food, housing, lifestyle expenses, transportation and health care are in line with comparable areas and about average when compared to all cities across the nation. This ensures that the cost of living in Medina will resemble that of an average city, contributing to a manageable cost of living.
Locals have the inside scoop on their city. So, we polled 5 residents in Medina to learn how they view the cost of living. We asked how they felt about the cost of living in their area, and if they thought that prices were increasing, decreasing or staying the same. The verdict? 40% find it reasonable with decreasing prices, but 60% think it's quite pricey, with prices that continue to rise.
Is Medina an affordable place to live? It's a good question and one that you might want to ask when considering any new city, as affordability can play a huge role in the decision making process. The cost of living index (which we covered above), as well as housing costs and income levels play a vital role in determining the affordability of an area. The median home price in Medina is 4.7% lower than the national average, while the average monthly rent prices are 9.6% lower than average. The affordability of any location can also be influenced by median income levels. Medina has a median household income of $98,065, which is 20.6% higher than the national average.
Urbanization: Larger, urban hubs brimming with ample amenities and robust employment opportunities often showcase a heightened cost of living. This surge is primarily attributed to the amplified demand for services and increased residential migration, culminating in elevated home prices and elevated rental rates. Conversely, less densely populated rural locales or regions characterized by reduced demand tend to offer a more limited array of amenities and undergo slower job market growth, ultimately yielding a more affordable cost of living.
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 Medina, the groceries index is 0.8% lower than the national average.
Taxes: Regions that impose higher taxes, including sales and income taxes, can contribute to an increased cost of living. Higher taxes for everyday necessities such as clothing, utilities and food inevitably leads to higher expenditures. Additionally, a higher income tax rate can also play a role in elevating the overall cost of living. In Medina, the prevailing sales tax rate starts at 5.75%, and income tax rates kick off at 2.76%.
The Medina 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.
| 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 | $136,292 | $11,358 | $3,180 | $4,089 |
| Renters | $56,340 | $4,695 | $1,315 | $1,690 |
| 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. |
| Eaton Estates, OH | 1,234 | 83 | 17.1% |
| Burbank, OH | 263 | 85 | 15.5% |
| Barberton, OH | 26,844 | 83 | 16.7% |
| Sterling, OH | 354 | 84 | 15.8% |
| West Salem, OH | 1,583 | 86 | 14.0% |
| Medina, OH | 26,667 | 96 | 4.4% |
| City | Population | Cost of Living Index | National Avg. |
| Deer Park, NY | 26,661 | 135 | 34.8% |
| Madison, MS | 26,675 | 111 | 11.4% |
| Milford, MA | 26,685 | 128 | 28.5% |
| Wethersfield, CT | 26,647 | 114 | 14.0% |
| Kiryas Joel, NY | 26,647 | 150 | 49.7% |
| Medina, OH | 26,667 | 96 | 4.4% |
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