Fostoria 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.
IndexFostoriaOhioNational
Cost of living index8391100
IndexFostoriaOhioNational
Goods & Services index10196100
Groceries index10399100
Health care index9796100
Housing index4575100
Transportation index9195100
Utilities index102101100
An overview of the general cost of living index for Fostoria, OH is displayed above for your reference. Residents in Fostoria, OH enjoy a cost of living index of 83. This index is 8% lower than the Ohio average, and 17% 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 Fostoria, OH, the average cost of goods and services is 5% higher than it is in Ohio, and it is 1% higher than the national average.

Did you know?

  • The cost of living in Fostoria is 8% lower than the Ohio average.
  • The cost of living in Fostoria is 17% lower than the national average.
  • The cost of housing in Fostoria is 55% 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

This is how much you would need to earn in
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Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
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The salary calculator allows you to compare how much your current salary in Fostoria, OH would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than Fostoria, OH, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Fostoria, OH salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$40,800$3,400$952$1,224
Renters$19,151$1,596$447$575
The affordability of the housing market in Fostoria, 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 Fostoria, OH homeowners, the median income is $40,800. This indicates that a monthly maximum of $952 should be spent by homeowners on all housing related costs. Renters have a median income of $19,151. This indicates that renters should have a maximum of $447 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 you are determining the total cost of living in Fostoria, 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

ItemFostoriaNational avg.Difference
Haircut $15.25$14.594.5%
Beauty Salon $33.60$34.683.1%
Toothpaste $2.18$2.4711.9%
Shampoo $0.88$1.0213.9%
Movie $9.75$9.871.2%
Bowling $4.29$4.392.3%

Groceries

ItemFostoriaNational avg.Difference
Ground Beef $6.34$4.4841.6%
Fried Chicken $1.72$1.4617.5%
Milk $2.42$2.362.7%
Potatoes $2.69$3.0612.1%
Pizza $9.00$9.242.6%
Beer $8.12$8.635.9%

Health Care

ItemFostoriaNational avg.Difference
Optometrist $91.67$99.788.1%
Doctor $95.00$105.039.6%
Dentist $81.80$88.707.8%
Ibuprofen $9.26$9.411.6%
Lipitor $338.38$298.5013.4%

Housing

ItemFostoriaNational avg.Difference
Home Price $64,700.00$175,700.0063.2%
Avg. Mortgage Payment $1,034.05$1,081.034.3%
Apartment Rent $589.00$920.0036.0%

Transportation

ItemFostoriaNational avg.Difference
Gasoline $2.00$2.094.4%
Tire Balancing $34.64$45.2923.5%

Utilities

ItemFostoriaNational avg.Difference
All Electricity$169.84$170.800.6%
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.
Rudolph, OH33383-17%
Fort Seneca, OH31683-17%
Burgoon, OH14683-17%
West Millgrove, OH15485-15%
North Baltimore, OH3,57785-15%
Fostoria, OH13,00383-17%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Justice, IL13,0011055%
Newton, NC12,99890-10%
St. Helens, OR13,0171088%
St. Ann, MO12,98888-12%
Minden, LA12,98881-19%
Fostoria, OH13,00383-17%
Source: The Fostoria, OH cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.