A-
0%
Overall NAT. AVG.
8%
Goods & Services NAT. AVG.
8%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index Seven Hills Ohio National
Cost of living10092100
Goods & Services92100100
Groceries101101100
Health care9598100
Housing10873100
Transportation98100100
Utilities10399100

An Overview of Cost of Living in Seven Hills, OH

Are you thinking about relocating, but curious about the potential cost of living in Seven Hills? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Seven Hills stands at 100, making it 0% equal to the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.

Everyday expenditures like food, housing, goods and services, transportation and health care in Seven Hills are priced in a manner consistent with other areas. This means that residents of Seven Hills can anticipate their daily expenses remaining reasonably similar to those in an average city, thereby supporting a manageable cost of living.

Is Seven Hills Affordable?

Wondering if Seven Hills 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 Seven Hills, for example, the median home price is 1.9% lower than what folks pay nationally, and monthly rent is 30% higher than the usual rates. Plus, income levels matter too, with Seven Hills boasting a median household income of $81,128, which is 46.6% higher than the national average.

What Factors can Influence the Cost of Living in Seven Hills?

Taxes: Cities that impose higher taxes, including sales and income taxes, can contribute to an escalated cost of living. The added expense of taxes on everyday goods like clothing and food naturally results in higher overall costs. Similarly, a higher income tax rate can further elevate the cost of living. In Seven Hills, the general sales tax rate starts at 5.75%, and income tax rates begin at 0%.

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.

Urbanization: Urban areas with extensive amenities and job opportunities tend to have a higher cost of living due to increased demand for services and relocation, resulting in higher home prices and higher rents. Less densely populated rural areas, or areas with less demand tend to have fewer amenities and slower job growth, which results in a lower cost of living.

Where is the Data From?

The cost of living data in Seven Hills displayed above is sourced from the C2ER cost of living index, which serves as a practical tool for comparing living expenses across urban areas. Published on a quarterly basis, this index aggregates data from over 300 independent researchers, encompassing more than 60 goods and services, in 6 different categories. The weightings assigned to cost differences rely on government survey data that tracks the spending habits of professional and executive households. It's worth noting that the C2ER index excludes data on sales or income tax rates, while AreaVibes integrates tax rates into the overall cost of living evaluation for each region.

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Cost Of Living Quick Facts

  • The cost of living in Seven Hills is 8% higher than the Ohio average
  • The cost of living in Seven Hills is equal to the national average
  • Seven Hills housing is 8% 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

Most Affordable Places to Live in and Around Seven Hills

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Compare Seven Hills, OH Cost of Living

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      Salary Calculator

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      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$81,816$6,818$1,909$2,455
      Renters$61,488$5,124$1,435$1,845
      A good indicator of the general affordability of housing in Seven Hills, OH, is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Seven Hills, the median monthly income is $81,816 for those who own their own homes. Under the standard rule, that income level would allow for $1,909 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $61,488, per the median income in the area. That would allow for renters to spend up to $1,435 on monthly rental expenses.

      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%

      Goods & Services

      Item Seven Hills National avg. Difference
      Haircut $23.67$24.262.5%
      Beauty Salon $35.31$45.5622.5%
      Toothpaste $3.68$3.700.5%
      Shampoo $1.45$1.2813.0%
      Movie $11.60$12.134.4%
      Bowling $18.27$18.001.5%

      Groceries

      Item Seven Hills National avg. Difference
      Ground Beef $5.46$5.846.5%
      Fried Chicken $1.39$1.5711.4%
      Milk $4.57$4.672.3%
      Potatoes $5.38$4.939.1%
      Pizza $9.98$12.0917.4%
      Beer $10.51$10.411.0%

      Health Care

      Item Seven Hills National avg. Difference
      Optometrist $103.58$125.6817.6%
      Doctor $119.67$135.7811.9%
      Dentist $109.73$113.293.1%
      Ibuprofen $10.73$10.650.7%
      Lipitor $503.65$468.607.5%

      Housing

      Item Seven Hills National avg. Difference
      Home Price $181,200.00$184,700.001.9%
      Avg. Mortgage Payment $1,788.16$2,346.6923.8%
      Apartment Rent $1,234.00$949.0030.0%

      Transportation

      Item Seven Hills National avg. Difference
      Gasoline $3.41$3.461.4%
      Tire Balancing $57.76$59.923.6%

      Utilities

      Item Seven Hills National avg. Difference
      All Electricity $205.88$193.996.1%
      Phone $186.78$192.252.8%
      Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      East Cleveland, OH17,0478020.0%
      Linndale, OH3348217.9%
      Kinsman Center, OH6608217.9%
      Highland Hills, OH7648217.8%
      Cleveland, OH383,3318317.4%
      Seven Hills, OH11,5971000.4%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Cedarburg, WI11,59211616.1%
      Nelson, BC11,592n/a 
      L'Île-Perrot, QC11,591n/a 
      Accokeek, MD11,59013737.0%
      North Saanich, BC11,587n/a 
      Seven Hills, OH11,5971000.4%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.