Cost of Living in Summerfield, OH
Housing
The housing market plays a significant role in determining the cost of living in Summerfield, OH.
- Housing Index: 91.8 / 100
- Median Home Price is: $89,300
- Average Rent (2 BR Apartment): $1363 per month
- Average Rent (2 BR House): $1481 per month
In analyzing the real estate climate in Summerfield, OH, the data reveals that while the housing index stands at a notably low 91.8, there's a median home price of just 89300. This suggests a potentially affordable market for buyers looking for value. However, the absence of average rent figures for both 2-bedroom apartments and houses indicates a limited rental market, which could impact future housing supply. Ideal for first-time buyers, Summerfield allows potential homeowners to invest at relatively low costs, but consider the local job market and amenities before making a move.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Summerfield, OH.
- Electricity Price: $15.92 USD (median by state)
- Natural Gas Price: Data is updating (median by state)
- Other Utilities (water, garbage, etc.): $229 per month
Living in Summerfield, OH could entail higher utility costs. Electricity costs sit at $15.92, while natural gas is priced at data unavailable per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $229 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Summerfield is a financially viable option for your relocation.