The cost of living index in Richfield, OH, stands at 90, which is 10% lower than the nationwide average of 100. This suggests that overall living expenses in Richfield are slightly less than the national average. Specifically, housing costs are 20% below the average, while groceries and utilities are nearly on par. Healthcare expenses match the national average, and miscellaneous costs are just 2% below average. These metrics provide a clear picture of living expenses relative to the broader market.
Richfield, OH, offers a cost of living index that is noticeably lower than the nationwide average of 100. Specifically, housing costs in Richfield are about 80% of the national average, indicating that residents can find more affordable housing options. This reduced housing expense can significantly benefit those looking to save on living costs without compromising on quality.
Furthermore, while groceries in Richfield are 90% of the national average, utilities stand at 95%, suggesting that the cost of day-to-day living is still quite competitive. Transportation costs are also slightly lower, at 85% of the national average, making it easier for residents to manage their commuting expenses. Healthcare costs are equal to the national average at 100%, indicating no major variance in medical expenses. Miscellaneous costs, at 92%, also remain below the national average, providing additional savings for residents. Overall, Richfield offers an appealing balance of lower costs and manageable expenses.
