Quality of Life in Columbus, OH for an Annual Income of $174,320

Overview

Columbus, OH, offers a unique blend of urban and suburban living with a cost of living that is generally lower than the national average. For someone making $174,320 per year, the quality of life can be quite comfortable, allowing for a good balance between living expenses and discretionary spending.

Cost of Living

• Overall Affordability: The cost of living in Columbus is approximately 10% lower than the national average. This includes lower costs for housing, transportation, and groceries.
• Utilities and Transportation: Utility costs are on par with or slightly below the national average, while public transportation is affordable and convenient for urban dwellers.

Housing Market

• Home Prices: The median home price in Columbus is significantly lower than the U.S. average. As of 2023, it stands around $250,000 compared to the national median of $428,700.
• Market Growth: Columbus has witnessed steady growth in home values, making it an appealing area for home ownership and investment.

Quality of Life

• Entertainment and Recreation: Columbus is home to a vibrant arts scene, numerous parks, and recreational facilities. Annual income at this level allows for regular entertainment, dining, and travel.
• Community and Culture: The diverse community in Columbus enriches social life with various cultural festivals and community events.

Access to Healthcare

• Healthcare Quality: Columbus boasts excellent healthcare facilities, including renowned hospitals and medical research centers.
• Affordability: Healthcare costs are relatively reasonable, although insurance and medical expenses will depend on personal health plans.

Quality of K-12 Schools

• Public School System: Columbus offers a variety of public, charter, and private schools, with several districts receiving high ratings for academic performance.
• Extracurricular Opportunities: Schools provide a range of extracurricular activities, supporting comprehensive student development.

Summary

Living in Columbus, OH, with an income of $174,320 provides a high quality of life characterized by affordable living, access to quality healthcare, and excellent educational opportunities. The lower cost of housing compared to the national landscape allows for financial freedom and a secure investment in property. The city's rich cultural and recreational offerings further enhance residents' lifestyle, making Columbus a favorable choice for high-earning individuals.