Olmsted Falls, OH vs Wadsworth, OH

Olmsted Falls, OH and Wadsworth, OH have a very similar cost of living, with only a 2.3% difference in their overall index. Olmsted Falls scores 85 while Wadsworth scores 83 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Olmsted Falls is $1,142/month compared to $1,024/month in Wadsworth — a 12% difference. Interestingly, home values tell a different story: while Wadsworth has cheaper rent, Olmsted Falls actually has lower median home values ($214,800 vs $235,600).

Median household income in Olmsted Falls is $93,907 compared to $77,581 in Wadsworth (+21%). While Olmsted Falls is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Olmsted Falls spend roughly 14.6% of their income on rent, less than the 15.8% in Wadsworth.