Greenfield 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.
IndexGreenfieldOhioNational
Cost of living index8191100
IndexGreenfieldOhioNational
Goods & Services index9999100
Groceries index94101100
Health care index9595100
Housing index4675100
Transportation index96101100
Utilities index8791100
A general overview of the cost of living index for Greenfield, OH is displayed above. In Greenfield, OH, the overall cost of living index is 81, which is 12% lower than the Ohio average and 19% 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 Greenfield, OH, the city's goods and services are 1% lower than the Ohio average and 2% lower than the U.S. average.

Did you know?

  • The cost of living in Greenfield is 12% lower than the Ohio average.
  • The cost of living in Greenfield is 19% lower than the national average.
  • The cost of housing in Greenfield is 54% 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 Greenfield, OH Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
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Groceries index
Health care index
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The salary calculator allows you to compare how much your current salary in Greenfield, 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 Greenfield, OH, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Greenfield, 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$38,021$3,168$887$1,141
Renters$20,033$1,669$467$601
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 Greenfield, 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. Greenfield, OH has a median income of about $38,021 for people who own homes. Based on that number, a person should spend a maximum of $887 on expenses related to housing. Renters have a slightly different median income, which is $20,033. Based on this average, renters should spend no more than $467 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%
One thing to keep in mind when considering the cost of living in Greenfield, OH is the Ohio sales tax and Ohio income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The Ohio sales tax rate is 5.75% and the maximum surtax that can be charged is 8%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The Ohio income tax rates range from 0.528% to 5.333%.

Goods & Services

ItemGreenfieldNational avg.Difference
Haircut $12.12$15.5622.2%
Beauty Salon $32.80$36.119.2%
Toothpaste $1.93$2.4721.8%
Shampoo $0.80$0.9617.1%
Movie $9.59$10.135.3%
Bowling $4.18$4.7411.7%

Groceries

ItemGreenfieldNational avg.Difference
Ground Beef $3.81$3.984.3%
Fried Chicken $1.28$1.419.0%
Milk $1.73$2.0616.2%
Potatoes $2.68$2.9810.2%
Pizza $8.99$9.475.1%
Beer $8.16$8.797.2%

Health Care

ItemGreenfieldNational avg.Difference
Optometrist $54.39$101.0446.2%
Doctor $96.85$107.449.9%
Dentist $92.19$90.422.0%
Ibuprofen $8.22$9.2811.5%
Lipitor $431.97$426.501.3%

Housing

ItemGreenfieldNational avg.Difference
Home Price $71,000.00$175,700.0059.6%
Avg. Mortgage Payment $782.25$1,133.2331.0%
Apartment Rent $543.00$920.0041.0%

Transportation

ItemGreenfieldNational avg.Difference
Gasoline $1.97$1.991.0%
Tire Balancing $41.58$45.769.1%

Utilities

ItemGreenfieldNational avg.Difference
All Electricity$128.45$163.8121.6%
Phone $27.99$28.391.4%
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.
Cynthiana, OH2396-4%
Bourneville, OH28577-23%
Rocky Fork Point, OH57886-14%
Bainbridge village, OH77280-20%
Good Hope, OH32780-20%
Greenfield, OH4,66681-19%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
New Haven, MI4,66594-6%
Lawrenceville, IL4,66577-23%
Yosemite Lakes, CA4,66811919%
Dacula, GA4,66499-1%
Point Pleasant Beach, NJ4,66415858%
Greenfield, OH4,66681-19%
Source: The Greenfield, OH cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.