Cost of Living in Independence, OH
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
160.3
100 = national avg
+60.3 vs national average
Living Wage (1 Adult)
$70,513
per year
Living Wage (Family of 4)
$166,667
per year
Cost Index by Category
Housing173.4
Food137.2
Transportation174.3
Healthcare129.7
Utilities137.0
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,058
per month
2 Bedroom
$1,279
per month
The overall cost of living index in Independence is 160.3, which is 60.3% above the national average. Housing costs are above the national average at an index of 173.4. A single adult needs to earn approximately $70,513 per year to cover basic expenses.