Cost of Living in Olmsted Falls, OH
Population 8,640 · Ohio · Data vintage 2023
(100 = US avg)
Housing costs in Olmsted Falls stay well under national norms: a median home value of $215,000 against median household incomes of $93,907 gives the city one of the more comfortable price-to-income ratios in Ohio.
Geographically, Olmsted Falls sits roughly 14 miles southwest of Cleveland. Median home values run roughly 128% higher than Cleveland's $94,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Olmsted Falls
The median home value in Olmsted Falls is $214,800 — 30% below the national median of $305,000. Median rent runs $1,142/month, 13% lower than the national median of $1,314/month. The median household income of $93,907/year is 26% higher than the US median of $74,580. The local unemployment rate is 3.2%, below the national average of 4.8%. Ohio's top state income tax rate is 3.8% and the combined sales tax is 7.2%. The climate averages highs of 60.8°F and lows of 44.0°F, with about 63.8" of annual snowfall. Overall, Olmsted Falls has a cost of living index of 77 versus the US average of 100, meaning it is 23% less expensive.
Olmsted Falls has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 36 | 39 | 47 | 60 | 71 | 80 | 84 | 82 | 76 | 64 | 51 | 40 |
| Low °F | 22 | 24 | 31 | 41 | 51 | 61 | 65 | 64 | 57 | 47 | 37 | 28 |
| Precip" | 2.99 | 2.49 | 3.06 | 3.75 | 3.79 | 3.83 | 3.67 | 3.56 | 3.93 | 3.60 | 3.37 | 2.99 |
| Snow" | 18.4 | 15.1 | 10.8 | 2.7 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 4.5 | 12.2 |
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
🏫 Schools
NCES CCD 2019 — public school district data
Frequently Asked Questions
What is the cost of living in Olmsted Falls, OH?
Olmsted Falls has a cost index of 77 (100 = national average). It is 23% below the national average.
What is average rent in Olmsted Falls, OH?
The median gross rent in Olmsted Falls is $1,142 per month based on 2023 Census data.
What is the average home price in Olmsted Falls?
The median home value in Olmsted Falls is $214,800 according to Zillow and Census data.
What is the median income in Olmsted Falls?
The median household income in Olmsted Falls is $93,907 per year (2023 ACS 5-year estimates).
What is the sales tax in Olmsted Falls, OH?
The combined state and local sales tax rate in Olmsted Falls is 7.2%. The Ohio state income tax top rate is 3.8%.
Is Olmsted Falls, OH affordable?
Yes, Olmsted Falls is generally considered affordable, with a cost of living index of 77 — about 23% below the US national average of 100.
What is the weather like in Olmsted Falls?
Olmsted Falls has average high temperatures of 60.8°F and average lows of 44.0°F. Annual precipitation is 41". Average annual snowfall is 63.8". Data from NOAA 1991–2020 Climate Normals.
Olmsted Falls at a Glance
- Population
- 8,640
- Median Income
- $93,907
- Home Value
- $214,800
- Median Rent
- $1,142/mo
- Unemployment
- 3.2%
- Avg High Temp
- 60.8°F
- Sales Tax
- 7.2%
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Ohio Rankings
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