Cortland, OH, has a cost of living index that is slightly below the nationwide average. The overall index stands at 90, which is 10% lower than the average of 100. This means that, on average, residents in Cortland can expect to spend less on most goods and services compared to the national average.
Specifically, housing costs are 15% lower, while utilities and healthcare are just 5% below the national average. Groceries, transportation, and miscellaneous costs are also slightly lower, making Cortland a more affordable place to live.
Cortland, OH, presents a cost of living that is notably lower than the nationwide average, which is set at 100. Housing costs in Cortland stand at 85, indicating that residents can expect to pay 15% less than the average cost of housing across the country. This reduction can be a significant advantage for those looking to purchase or rent homes, as it provides more affordability without compromising on quality of life.
Additionally, the cost of groceries in Cortland is 90, which is 10% less than the national average. This makes everyday food expenses more manageable for residents. Utilities, at 95, are just 5% above the national average, suggesting that energy and other utility costs remain relatively close to the nationwide norm. Transportation costs in Cortland also mirror the national average at 90, offering no significant savings or additional costs. Healthcare costs are slightly above the average at 95, indicating a 5% higher expense, which might be a consideration for those prioritizing healthcare affordability. Miscellaneous expenses, at 92, are 8% less than the national average, reflecting a generally lower cost for other day-to-day items. Overall, Cortland offers a cost of living that is competitive and often more favorable than the national average.
