Cost of Living in Riverlea, OH

With a cost of living index of 111, Riverlea, OH is somewhat more expensive than average. Living here is 11% more expensive than the national average and 34% above the Ohio state average of 78. Riverlea is a small community of 553 residents.

Housing costs are the biggest factor in Riverlea's cost of living. The median monthly rent is $1,156 (12% below the US median of $1,319), and the median home value sits at $525,000 (72% above 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 Riverlea is $155,313, which is 107% higher than the national median of $75,149. Residents spend roughly 9% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. While incomes are above average, they more than offset the higher cost of living.

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.