Cost of Living in Beverly, OH

With a cost of living index of 67, Beverly, OH is one of the most affordable cities in the country. Living here is 33% cheaper than the national average and 11% below the Ohio state average of 78. Beverly is a small community of 1,584 residents.

Housing costs are the biggest factor in Beverly's cost of living. The median monthly rent is $706 (46% below the US median of $1,319), and the median home value sits at $159,400 (48% below the national median of $304,900). At current prices, the median home costs roughly 3.4x the median household income — a moderately affordable ratio by today's standards.

The median household income in Beverly is $47,446, which is 37% lower than the national median of $75,149. Residents spend roughly 18% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Climate is another factor for anyone considering a move to Beverly. The area sees an average annual temperature of 54.3°F, with summers averaging 73°F and winters around 34°F. Annual rainfall totals 42.5 inches spread over roughly 144 days.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.