Canfield 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.
IndexCanfieldOhioNational
Cost of living index9391100
IndexCanfieldOhioNational
Goods & Services index8899100
Groceries index118101100
Health care index8895100
Housing index8475100
Transportation index102101100
Utilities index9691100
A general overview of the cost of living index for Canfield, OH is displayed above. In Canfield, OH, the overall cost of living index is 93, which is 2% higher than the Ohio average and 7% lower than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Canfield, OH, the city's goods and services are 11% lower than the Ohio average and 12% lower than the U.S. average.

Did you know?

  • The cost of living in Canfield is 2% higher than the Ohio average.
  • The cost of living in Canfield is 7% lower than the national average.
  • The cost of housing in Canfield is 16% 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 Canfield, OH Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current income in Canfield, OH to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Canfield, OH, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Canfield, OH salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$85,043$7,087$1,984$2,552
Renters$29,702$2,475$693$891
If you want to find a good determining factor for the cost of living and the general affordability of housing in Canfield, OH, all you must look at is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Canfield, OH, the median monthly income is $85,043 for those who own their own homes. Under the standard rule, that income level would allow for $1,984 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $29,702, per the median income in the area. That would allow for renters to spend up to $693 on monthly rental expenses.

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 you are determining the total cost of living in Canfield, OH you will want to make sure you consider both the Ohio sales tax and the Ohio income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in Ohio is 5.75%, with the highest surtax being 8%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in Ohio have a range from 0.528% to 5.333%.

Goods & Services

ItemCanfieldNational avg.Difference
Haircut $14.27$15.568.3%
Beauty Salon $32.93$36.118.8%
Toothpaste $2.86$2.4715.8%
Shampoo $1.05$0.968.8%
Movie $10.60$10.134.7%
Bowling $3.51$4.7425.8%

Groceries

ItemCanfieldNational avg.Difference
Ground Beef $3.89$3.982.4%
Fried Chicken $1.94$1.4138.1%
Milk $2.80$2.0635.7%
Potatoes $3.99$2.9833.8%
Pizza $8.99$9.475.1%
Beer $7.99$8.799.1%

Health Care

ItemCanfieldNational avg.Difference
Optometrist $72.82$101.0427.9%
Doctor $83.27$107.4422.5%
Dentist $73.07$90.4219.2%
Ibuprofen $11.27$9.2821.5%
Lipitor $442.27$426.503.7%

Housing

ItemCanfieldNational avg.Difference
Home Price $155,000.00$175,700.0011.8%
Avg. Mortgage Payment $1,414.65$1,133.2324.8%
Apartment Rent $668.00$920.0027.4%

Transportation

ItemCanfieldNational avg.Difference
Gasoline $2.12$1.996.2%
Tire Balancing $42.96$45.766.1%

Utilities

ItemCanfieldNational avg.Difference
All Electricity$147.80$163.819.8%
Phone $29.99$28.395.6%
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.
S.N.P.J., PA1670-30%
Maplewood Park, OH34073-27%
Youngstown, OH66,01379-21%
Wheatland, PA83380-20%
West Hill, OH2,12280-20%
Canfield, OH7,44393-7%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Fort Riley, KS7,4441033%
Dry Run, OH7,44611616%
Philadelphia, MS7,44680-20%
Payette, ID7,44786-14%
Woodlawn CDP (Prince George's County), MD7,43911313%
Canfield, OH7,44393-7%
Source: The Canfield, OH cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.