Niles, OH, presents a cost of living index that is noticeably lower than the nationwide average of 100. Specifically, the cost of living in Niles stands at 86, indicating that residents generally spend 14% less than the national median across various categories. This makes Niles a potentially attractive option for those seeking a more affordable living environment without compromising on essential services.
Niles, Ohio, offers a cost of living that stands at 86 when compared to the nationwide average of 100. This slight decrease means residents can expect to pay about 14% less overall for their daily expenses. The housing index in Niles is notably lower, at 75, which indicates homes and rent are approximately 25% cheaper than the national average.
In addition to housing, the miscellaneous category also shows a modest decrease, with an index of 85. This includes the cost of items like clothing and entertainment, which are around 15% less expensive in Niles than the average U.S. city. Groceries, utilities, transportation, and healthcare in Niles are all just below or at the national average, suggesting that these areas offer competitive prices without significant deviation. Overall, Niles provides a favorable cost of living with savings primarily in housing and miscellaneous expenses.
