One of the challenging scenarios that people face when they are relocating to a new state is the cost of living. Some people find it easy to adjust, while others find it challenging to meet up with the new state’s demands.
Sometimes, the cost of living in the new state might be lower than your previous place. In comparison, the cost of living might also be higher than what you were used to.
If you’re thinking of living in Ohio, this guide gives you an insight into what you should expect regarding your expenses.
- Housing Costs
Whenever you plan to move to any city, your biggest expenses would always come from your accommodation. However, the good news is that Ohio homes are not as expensive as you think, particularly if your earnings are average. Interestingly, the cost of living in Columbus, the capital, is relatively inexpensive.
A studio apartment in Columbus, Ohio costs in the monthly range of $600-$1200, and a one-bedroom apartment will be around $800-$1200. If you want to buy any of Ohio houses, especially in Columbus, you will spend approximately $152,000.
The cost of utilities varies from what you spend on and the size of your family. If you reside alone, you will undoubtedly spend less. The utility costs in Ohio are slightly at par with the national average. Sometimes, it could be more expensive. For instance, the average cost of heating a home in Ohio is around $102 per month, and it is slightly more expensive compared to $100 per month, which is the national average.
The costs of food in Ohio are lower than the national average, which is a big relief to many people who will be relocating to Ohio. However, the difference from the national average is not much. If you are living all by yourself, you will spend around $3,050 on food each year. For a family of three, you will not spend more than $7,000 every year.
The cost of transportation depends on the options at your disposal. If you are a car owner, you will spend around $2.27 on each gallon. The price of gas in Ohio is not expensive; it is just within the mid-range. You can decide to take public transportation, which would cost you around $2 for each trip. So, you can spend approximately $4.50 each day.
When you compare this to the national average, it is slightly lower, and that’s good news for anyone coming to Ohio to settle down.
Other factors constitute the cost of living like Entertainment and the likes. And these costs vary depending on what you opt for. Having read this guide, you will agree that Ohio is one of the United States cities where you can live fine even with a low income.
If you want to make the entire process of relocating to Ohio and settling down a smooth process, it is crucial to involve a professional like a real estate wholesaler. Working closely with them allows you to access mouthwatering house deals that you might not typically find on a typical day.