Ada cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexAdaOhioNational
Cost of living index8991100
IndexAdaOhioNational
Goods & Services index9896100
Groceries index10699100
Health care index10996100
Housing index6175100
Transportation index9695100
Utilities index109101100
An overview of the general cost of living index for Ada, OH is displayed above for your reference. Residents in Ada, OH enjoy a cost of living index of 89. This index is 2% lower than the Ohio average, and 11% lower than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Ada, OH, the average cost of goods and services is 2% higher than it is in Ohio, and it is 3% lower than the national average.

Did you know?

  • The cost of living in Ada is 2% lower than the Ohio average.
  • The cost of living in Ada is 11% lower than the national average.
  • The cost of housing in Ada is 39% lower than the national average.
  • Ohio general sales tax is 13% higher than the national average.
  • Ohio state income tax is 76% lower than the national average.

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Salary Calculator

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Goods & Services index
Groceries index
Health care index
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Use the salary calculator to compare your current salary in Ada, OH to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Ada, OH, then you would need to earn more income in order to maintain the same standard of living. To use the Ada, OH salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$63,007$5,251$1,470$1,890
Renters$21,175$1,765$494$635
The affordability of the housing market in Ada, OH as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Ada, OH homeowners, the median income is $63,007. This indicates that a monthly maximum of $1,470 should be spent by homeowners on all housing related costs. Renters have a median income of $21,175. This indicates that renters should have a maximum of $494 used for their rent related monthly costs.

Ohio Sales Tax

StateGeneral Sales TaxWith Max Surtax
Ohio5.75%8%

Ohio Income Tax

StateIncome Tax (Low)Income Tax (High)
Ohio0.528%5.333%
When considering the overall cost of living expenses in Ada, OH, it's important to take into account the sales tax for Ohio, as well as the rate for income tax in Ohio. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for Ohio is 8%, and the sales tax in the state of Ohio is 5.75%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in Ohio starts from 0.528% and goes up to 5.333%.

Goods & Services

ItemAdaNational avg.Difference
Haircut $12.00$14.5917.8%
Beauty Salon $26.90$34.6822.4%
Toothpaste $2.21$2.4710.6%
Shampoo $1.11$1.028.6%
Movie $11.00$9.8711.5%
Bowling $3.73$4.3915.1%

Groceries

ItemAdaNational avg.Difference
Ground Beef $4.35$4.482.8%
Fried Chicken $1.37$1.466.4%
Milk $2.42$2.362.7%
Potatoes $2.74$3.0610.5%
Pizza $8.99$9.242.7%
Beer $8.24$8.634.6%

Health Care

ItemAdaNational avg.Difference
Optometrist $85.67$99.7814.1%
Doctor $88.50$105.0315.7%
Dentist $116.25$88.7031.1%
Ibuprofen $9.65$9.412.5%
Lipitor $329.32$298.5010.3%

Housing

ItemAdaNational avg.Difference
Home Price $96,800.00$175,700.0044.9%
Avg. Mortgage Payment $899.00$1,081.0316.8%
Apartment Rent $690.00$920.0025.0%

Transportation

ItemAdaNational avg.Difference
Gasoline $1.96$2.096.2%
Tire Balancing $46.92$45.293.6%

Utilities

ItemAdaNational avg.Difference
All Electricity$190.55$170.8011.6%
Phone $29.95$28.266.0%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Dola, OH7476-24%
Alger, OH91083-17%
New Hampshire, OH16183-17%
McGuffey, OH50984-16%
Dunkirk, OH1,05484-16%
Ada, OH6,11289-11%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Farr West, UT6,1131077%
St. Martinville, LA6,10978-22%
Wailea, HI6,107218118%
Willows, CA6,11811717%
Kingston, MA6,10314040%
Ada, OH6,11289-11%
Source: The Ada, OH cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.