Quality of Life in Columbus, OH: Income vs. Cost of Living

Annual Income Overview

• Annual Salary: $164,880
  • This salary is significantly higher than the median income in Columbus, OH, and above the national average.

Cost of Living

• Cost of Living Index: Columbus has a cost of living index slightly below the national average, making it an affordable city for residents.
  • Groceries, utilities, and transportation costs are generally lower than in many other metropolitan areas.
  • Health and miscellaneous goods/services are closer to the national average.

Housing Market

• Median Home Price: Approximately $250,000 - $300,000
  • This price range is considerably more affordable than national hotspots like New York or San Francisco.
  • A person earning $164,880 can comfortably afford a home in the mid-luxury segment of the Columbus housing market.
  • Property taxes and home maintenance are generally moderate.

Quality of Life

• General Living Conditions: The city features a diverse array of cultural, educational, and social activities.
  • Higher salary offers more disposable income to enjoy the city's amenities, entertainment, and dining options.

Access to Healthcare

• Healthcare Facilities: Columbus is home to several top-rated hospitals and healthcare facilities, including The Ohio State University Wexner Medical Center.
  • Access to healthcare services is good, though the cost of healthcare aligns more closely with the national average.
  • Employers often provide competitive health benefits to offset costs.

Quality of K-12 Schools

• Public Schools: The quality varies across districts, with some schools achieving high marks and others needing improvement.
  • Suburban areas tend to offer better-funded and higher-performing schools.
• Private and Charter Schools: Multiple options are available, often providing higher academic performance and specialized programs.
  • Families with this income level have flexibility in choosing quality education options, whether public, private, or via open enrollment policies.

Overall Assessment

Living in Columbus, OH, on an income of $164,880 provides a high quality of life, with significant financial comfort and access to amenities. The favorable cost of living and housing affordability allows for a comfortable standard of living, while access to quality education and healthcare contributes positively to overall life satisfaction.