Richfield, OH, offers a cost of living that is notably lower than the nationwide average. The cost of living index in Richfield stands at 87, which is 13% below the national average of 100. This lower index makes Richfield an attractive option for those seeking more affordable living conditions without sacrificing essential services.
Housing, utilities, and miscellaneous expenses in Richfield are particularly favorable, with indices of 80, 95, and 85, respectively. These lower costs provide significant savings for residents, making Richfield a smart choice for budget-conscious individuals.
Richfield, OH, presents a cost of living that is notably lower than the nationwide average. The housing index in Richfield is 80, which is 20% below the national average of 100. This suggests that housing costs in Richfield are more affordable, making it a potentially attractive option for those looking to save on their living expenses. Additionally, the groceries index in Richfield stands at 90, which is 10% less than the national average. This means that groceries in Richfield are slightly cheaper, offering another avenue for potential savings.
Utilities in Richfield, with an index of 95, are just 5% below the national average. This indicates that utility costs are nearly on par with the rest of the country, providing a balanced aspect of living expenses. The transportation index of 88 shows that transportation costs are 12% lower than the national average, which can be a significant benefit for those who rely on personal vehicles. Healthcare costs, with an index of 92, are 8% below the national average, offering a more affordable option for medical services. Lastly, the miscellaneous index of 85 is 15% lower than the national average, suggesting that other everyday expenses are also more economical in Richfield. Overall, Richfield provides a cost-effective living environment with several areas where expenses are lower than the national average.
