Cost of Living in Olmsted Falls, OH
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
131.9
100 = national avg
+31.9 vs national average
Living Wage (1 Adult)
$58,029
per year
Living Wage (Family of 4)
$137,160
per year
Cost Index by Category
Housing133.8
Food121.8
Transportation143.6
Healthcare117.4
Utilities119.8
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 Olmsted Falls is 131.9, which is 31.9% above the national average. Housing costs are above the national average at an index of 133.8. A single adult needs to earn approximately $58,029 per year to cover basic expenses.