Canal Winchester 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.
IndexCanal WinchesterOhioNational
Cost of living index9291100
IndexCanal WinchesterOhioNational
Goods & Services index9696100
Groceries index9099100
Health care index9796100
Housing index8975100
Transportation index8395100
Utilities index96101100
A general summary of the cost of living index in Canal Winchester, OH is shown above. Compared to the state average of Ohio the cost of living index in Canal Winchester, OH is 92, which is 2% higher than the average in Ohio and compared to the national average it is 8% lower than. The cost of living index is made up of several categories. These are transportation at 9%, utilities at 10%, goods and services at 33%, housing at 30%, groceries at 13%, and health care at 5%. The bulk of the cost of living index comes from the categories of goods and services and housing. If you look at everyday goods and services they can be a good indicator in a certain city of the general costs of goods there. In Canal Winchester, OH goods and services come in at equal to the average in Ohio and are 4% lower than compared to the nationwide average.

Did you know?

  • The cost of living in Canal Winchester is 2% higher than the Ohio average.
  • The cost of living in Canal Winchester is 8% lower than the national average.
  • The cost of housing in Canal Winchester is 11% 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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Compare Canal Winchester, OH Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
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Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
The salary calculator is meant to help you compare your salary in Canal Winchester, OH to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Canal Winchester, OH, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Canal Winchester, OH salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$83,762$6,980$1,954$2,513
Renters$18,828$1,569$439$565
A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in Canal Winchester, OH, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. Canal Winchester, OH has a median income of about $83,762 for people who own homes. Based on that number, a person should spend a maximum of $1,954 on expenses related to housing. Renters have a slightly different median income, which is $18,828. Based on this average, renters should spend no more than $439 on all of their rental costs if they want to maintain a non-impoverished standard of living.

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 assessing the complete cost of living in Canal Winchester, OH, the Ohio income tax and the Ohio sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The Ohio maximum surtax is 8%, and the Ohio sales tax is 5.75%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 0.528% to 5.333% in Ohio.

Goods & Services

ItemCanal WinchesterNational avg.Difference
Haircut $11.20$14.5923.3%
Beauty Salon $33.20$34.684.3%
Toothpaste $1.78$2.4728.0%
Shampoo $0.91$1.0211.0%
Movie $9.31$9.875.7%
Bowling $4.25$4.393.2%

Groceries

ItemCanal WinchesterNational avg.Difference
Ground Beef $4.73$4.485.7%
Fried Chicken $1.17$1.4620.1%
Milk $1.88$2.3620.2%
Potatoes $2.37$3.0622.6%
Pizza $9.99$9.248.1%
Beer $7.99$8.637.4%

Health Care

ItemCanal WinchesterNational avg.Difference
Optometrist $59.90$99.7840.0%
Doctor $111.67$105.036.3%
Dentist $94.00$88.706.0%
Ibuprofen $7.49$9.4120.4%
Lipitor $267.15$298.5010.5%

Housing

ItemCanal WinchesterNational avg.Difference
Home Price $183,200.00$175,700.004.3%
Avg. Mortgage Payment $836.00$1,081.0322.7%
Apartment Rent $494.00$920.0046.3%

Transportation

ItemCanal WinchesterNational avg.Difference
Gasoline $1.75$2.0916.6%
Tire Balancing $36.75$45.2918.8%

Utilities

ItemCanal WinchesterNational avg.Difference
All Electricity$161.00$170.805.7%
Phone $27.99$28.260.9%
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.
Urbancrest, OH1,02480-20%
Whitehall, OH18,38383-17%
Thurston, OH51284-16%
Amanda, OH67084-16%
Sugar Grove, OH41184-16%
Canal Winchester, OH7,33492-8%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Middletown, KY7,3331011%
Ville Platte, LA7,33679-21%
Northgate, OH7,33290-10%
Lake Norman of Catawba, NC7,33112424%
Wedgefield, FL7,3371077%
Canal Winchester, OH7,33492-8%
Source: The Canal Winchester, OH cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.