A+
18%
Overall NAT. AVG.
7%
Goods & Services NAT. AVG.
48%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index Coshocton Ohio National
Cost of living8292100
Goods & Services94100100
Groceries104101100
Health care8598100
Housing5273100
Transportation90100100
Utilities9599100

An Overview of Cost of Living in Coshocton, OH

Getting a feel for the cost of living in Coshocton is essential for anyone planning to relocate, as it empowers them to make informed financial decisions, secure a comfortable lifestyle and maintain financial stability in their new environment. The cost of living in Coshocton is 82, which is 18% lower than the national average. Relocating individuals may need to adjust their savings and investment strategies based on the cost of living in the new location. It influences decisions about retirement planning, investments and financial goals.

It's not uncommon for housing expenses to eat up a substantial portion of your income, oten exceeding 30%. The good news is that Coshocton stands out by reporting housing costs that are 48.2% lower than the national average. This signifies that both homeownership and rental expenses in this region are considerably more affordable compared to the rest of the country. This favorable housing situation allows residents to allocate a more manageable portion of their income to housing, resulting in greater financial flexibility.

Is Coshocton Affordable?

Is Coshocton an affordable place to live? That's a valid question to ask when you're thinking about moving to a new city. After all, how much it costs to live somewhere can be a huge factor in your decision. Affordability can be broken down into 3 common categories. The cost of living index (we talked about it earlier), housing expenses and income levels all play a big role in figuring out if a place is affordable. For instance, in Coshocton, the median home price is 54.6% lower than what most folks pay across the country, and monthly rent prices are 33.2% lower than the usual rates. Income levels in Coshocton come in at $46,034, which is 16.8% lower than the national average.

What Factors can Influence the Cost of Living in Coshocton?

Transportation: In situations where public transportation is limited or nonexistent, local residents may be required to own and maintain their own vehicles, contributing to an elevated cost of living. Monthly expenditures may encompass fuel costs, insurance premiums, routine vehicle upkeep and possibly lease or financing payments. In Coshocton, the transportation index is 9.7% lower than the national average.

Urbanization: Larger, urban areas boasting abundant amenities and robust employment prospects often exhibit a heightened cost of living, driven by the increased demand for services and residential relocation. Consequently, this leads to elevated home prices and higher rental rates. In contrast, sparsely populated rural locales or regions marked by diminished demand typically offer a more limited range of amenities and experience slower job market expansion. This translates into a more affordable cost of living.

Healthcare: Healthcare expenses and insurance premiums can vary significantly depending on the specific city or state. Factors such as accessibility to healthcare facilities, out-of-pocket expenses for doctor's visits, dental care expenses, prescription costs and specialized medical care fees can all influence the overall cost of living. In Coshocton, healthcare costs are 14.8% lower than the national average.

Where is the Data From?

The cost of living data in Coshocton displayed above is sourced from the C2ER cost of living index, which serves as a practical tool for comparing living expenses across urban areas. Published on a quarterly basis, this index aggregates data from over 300 independent researchers, encompassing more than 60 goods and services, in 6 different categories. The weightings assigned to cost differences rely on government survey data that tracks the spending habits of professional and executive households. It's worth noting that the C2ER index excludes data on sales or income tax rates, while AreaVibes integrates tax rates into the overall cost of living evaluation for each region.

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Cost Of Living Quick Facts

  • The cost of living in Coshocton is 11% lower than the Ohio average
  • The cost of living in Coshocton is 18% lower than the national average
  • Coshocton housing is 48% lower than the national average
  • Ohio general sales tax is 13% higher than the national average
  • Ohio state income tax is 100% lower than the national average

Most Affordable Places to Live in and Around Coshocton

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Compare Coshocton, OH Cost of Living

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      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$59,984$4,999$1,400$1,800
      Renters$25,396$2,116$593$762
      A good way to judge both the affordability of the housing and the cost of living in Coshocton is by simply calculating the maximum that should be spent on housing, otherwise known as the debt-to-income ratio (DTI). The plan is to avoid spending more than 28 percent of the gross income on costs that pertain to housing and no more than 36 percent on all expenses and debts. Coshocton has a median income of about $59,984 for people who own homes. Based on that number, a maximum of $1,400 should be spent on expenses related to housing. Renters have a slightly different median income, which is $25,396. Based on this average, renters should spend no more than $593 on all rental costs if they want to maintain a non-impoverished standard of living.

      Ohio Sales Tax

      State General Sales Tax With Max Surtax
      Ohio 5.75% 8%

      Ohio Income Tax

      State Income Tax (Low) Income Tax (High)
      Ohio 0% 3.99%

      Goods & Services

      Item Coshocton National avg. Difference
      Haircut $21.46$24.2611.5%
      Beauty Salon $42.47$45.566.8%
      Toothpaste $3.69$3.700.4%
      Shampoo $1.32$1.282.8%
      Movie $12.00$12.131.1%
      Bowling $19.07$18.005.9%

      Groceries

      Item Coshocton National avg. Difference
      Ground Beef $5.63$5.843.6%
      Fried Chicken $1.61$1.572.6%
      Milk $4.76$4.671.8%
      Potatoes $5.24$4.936.2%
      Pizza $11.49$12.094.9%
      Beer $10.68$10.412.6%

      Health Care

      Item Coshocton National avg. Difference
      Optometrist $65.99$125.6847.5%
      Doctor $117.73$135.7813.3%
      Dentist $89.30$113.2921.2%
      Ibuprofen $10.68$10.650.3%
      Lipitor $475.58$468.601.5%

      Housing

      Item Coshocton National avg. Difference
      Home Price $83,800.00$184,700.0054.6%
      Avg. Mortgage Payment $1,862.49$2,346.6920.6%
      Apartment Rent $634.00$949.0033.2%

      Transportation

      Item Coshocton National avg. Difference
      Gasoline $3.42$3.461.2%
      Tire Balancing $41.79$59.9230.3%

      Utilities

      Item Coshocton National avg. Difference
      All Electricity $182.76$193.995.8%
      Phone $186.03$192.253.2%
      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 Population Cost of Living Index National Avg.
      Fresno, OH183955.3%
      Kimbolton, OH26955.3%
      Trinway, OH1377525.3%
      Adamsville, OH3348020.0%
      West Lafayette, OH2,5718019.6%
      Coshocton, OH10,9938218.2%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      St. Clements, MB10,993n/a 
      Grand Haven, MI10,991937.3%
      Progress, PA10,9971000.2%
      Pompton Lakes, NJ10,99812120.7%
      Satellite Beach, FL11,00012020.3%
      Coshocton, OH10,9938218.2%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.