Groesbeck 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.
IndexGroesbeckOhioNational
Cost of living index9191100
IndexGroesbeckOhioNational
Goods & Services index10099100
Groceries index92101100
Health care index9795100
Housing index7675100
Transportation index100101100
Utilities index9391100
Here we can see a simple outline of the cost of living in Groesbeck, OH. As you can see, with the average cost of living in Groesbeck, OH being 91, that puts it 1% lower than the average of Ohio and 9% lower than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of Groesbeck, OH, the price of goods and services are 1% higher than the average of Ohio as well as equal to the nation's average.

Did you know?

  • The cost of living in Groesbeck is 1% lower than the Ohio average.
  • The cost of living in Groesbeck is 9% lower than the national average.
  • The cost of housing in Groesbeck is 24% 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

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Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
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Use the salary calculator to compare your current salary in Groesbeck, OH to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Groesbeck, OH, then you would need to earn more income in order to maintain the same standard of living. To use the Groesbeck, OH salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$65,552$5,463$1,529$1,967
Renters$28,052$2,338$655$842
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Groesbeck, OH, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In Groesbeck, OH homeowners have a median income of $65,552. Using that number, you will come up with a maximum of $1,529 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $28,052, which means there is a maximum of $655 to be spent on the costs of renting a home or apartment.

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 considering the overall cost of living expenses in Groesbeck, OH, it's important to take into account the sales tax for Ohio, as well as the rate for income tax in Ohio. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for Ohio is 8%, and the sales tax in the state of Ohio is 5.75%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in Ohio starts from 0.528% and goes up to 5.333%.

Goods & Services

ItemGroesbeckNational avg.Difference
Haircut $13.84$15.5611.1%
Beauty Salon $31.76$36.1112.0%
Toothpaste $2.36$2.474.4%
Shampoo $0.79$0.9618.5%
Movie $10.51$10.133.8%
Bowling $4.58$4.743.4%

Groceries

ItemGroesbeckNational avg.Difference
Ground Beef $3.61$3.989.5%
Fried Chicken $1.41$1.410.2%
Milk $1.46$2.0629.1%
Potatoes $2.68$2.9810.0%
Pizza $8.49$9.4710.4%
Beer $8.18$8.796.9%

Health Care

ItemGroesbeckNational avg.Difference
Optometrist $90.37$101.0410.6%
Doctor $103.24$107.443.9%
Dentist $87.72$90.423.0%
Ibuprofen $8.33$9.2810.2%
Lipitor $433.67$426.501.7%

Housing

ItemGroesbeckNational avg.Difference
Home Price $123,500.00$175,700.0029.7%
Avg. Mortgage Payment $805.19$1,133.2328.9%
Apartment Rent $809.00$920.0012.1%

Transportation

ItemGroesbeckNational avg.Difference
Gasoline $2.04$1.992.6%
Tire Balancing $43.48$45.765.0%

Utilities

ItemGroesbeckNational avg.Difference
All Electricity$163.52$163.810.2%
Phone $23.66$28.3916.7%
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.
Plainville, OH1197-3%
Brecon, OH25670-30%
Elizabethtown, OH30276-24%
New Baltimore, OH52379-21%
Elmwood Place, OH1,88781-19%
Groesbeck, OH6,68891-9%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Litchfield, MN6,68993-7%
East Rochester, NY6,68792-8%
Kula, HI6,687203103%
Buena Vista, VA6,68387-13%
St. Joseph, MN6,69498-2%
Groesbeck, OH6,68891-9%
Source: The Groesbeck, OH cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.