Cost of Living in Granville, OH

With a cost of living index of 107, Granville, OH is somewhat more expensive than average. Living here is 7% more expensive than the national average and 29% above the Ohio state average of 78. Granville is a smaller community of 5,916 residents, where everyday costs can differ substantially from nearby larger cities.

Housing costs are the biggest factor in Granville's cost of living. The median monthly rent is $1,103 (16% below the US median of $1,319), and the median home value sits at $490,500 (61% above the national median of $304,900). At current prices, the median home costs roughly 4x the median household income — a moderately affordable ratio by today's standards.

The median household income in Granville is $123,860, which is 65% higher than the national median of $75,149. Residents spend roughly 11% 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 Granville. The area sees an average annual temperature of 53.2°F, with summers averaging 73°F and winters around 32°F. Annual rainfall totals 38.8 inches spread over roughly 146 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.