Cost of Living in Commercial Point, OH

With a cost of living index of 99, Commercial Point, OH is right around the national average in cost. Living here is 1% cheaper than the national average and 21% above the Ohio state average of 78. Commercial Point is a small community of 3,106 residents.

Housing costs are the biggest factor in Commercial Point's cost of living. The median monthly rent is $1,289 (2% below the US median of $1,319), and the median home value sits at $321,600 (5% above the national median of $304,900). At current prices, the median home costs roughly 3.3x the median household income — a moderately affordable ratio by today's standards.

The median household income in Commercial Point is $96,154, which is 28% higher than the national median of $75,149. Residents spend roughly 16% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Climate is another factor for anyone considering a move to Commercial Point. The area sees an average annual temperature of 53.5°F, with summers averaging 74°F and winters around 32°F. Annual rainfall totals 41.6 inches spread over roughly 141 days.

Everyday prices in the Columbus, OH (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 6 are priced lower than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

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.