Martins Ferry 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.
IndexMartins FerryOhioNational
Cost of living index8591100
IndexMartins FerryOhioNational
Goods & Services index9796100
Groceries index10099100
Health care index9596100
Housing index4475100
Transportation index12095100
Utilities index108101100
Displayed above is a general overview of the Martins Ferry, OH cost of living index. The overall cost of living index in Martins Ferry, OH is 85, which is 6% lower than the Ohio average and 15% lower than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Martins Ferry, OH are 1% higher than the Ohio average and 3% lower than the national average.

Did you know?

  • The cost of living in Martins Ferry is 6% lower than the Ohio average.
  • The cost of living in Martins Ferry is 15% lower than the national average.
  • The cost of housing in Martins Ferry is 56% 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 Martins Ferry, OH Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current salary in Martins Ferry, 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 Martins Ferry, OH, then you would need to earn more income in order to maintain the same standard of living. To use the Martins Ferry, 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$54,980$4,582$1,283$1,650
Renters$20,120$1,677$469$604
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Martins Ferry, 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 Martins Ferry, OH homeowners have a median income of $54,980. Using that number, you will come up with a maximum of $1,283 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $20,120, which means there is a maximum of $469 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 assessing the complete cost of living in Martins Ferry, OH, the Ohio income tax and the Ohio sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The Ohio maximum surtax is 8%, and the Ohio sales tax is 5.75%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 0.528% to 5.333% in Ohio.

Goods & Services

ItemMartins FerryNational avg.Difference
Haircut $13.25$14.599.2%
Beauty Salon $37.49$34.688.1%
Toothpaste $1.74$2.4729.6%
Shampoo $0.99$1.023.1%
Movie $8.65$9.8712.3%
Bowling $3.95$4.3910.1%

Groceries

ItemMartins FerryNational avg.Difference
Ground Beef $4.89$4.489.2%
Fried Chicken $1.72$1.4617.5%
Milk $2.04$2.3613.4%
Potatoes $3.49$3.0614.0%
Pizza $8.70$9.245.9%
Beer $9.99$8.6315.7%

Health Care

ItemMartins FerryNational avg.Difference
Optometrist $87.00$99.7812.8%
Doctor $89.83$105.0314.5%
Dentist $82.00$88.707.6%
Ibuprofen $9.92$9.415.4%
Lipitor $325.87$298.509.2%

Housing

ItemMartins FerryNational avg.Difference
Home Price $72,700.00$175,700.0058.6%
Avg. Mortgage Payment $963.99$1,081.0310.8%
Apartment Rent $473.00$920.0048.6%

Transportation

ItemMartins FerryNational avg.Difference
Gasoline $2.56$2.0922.4%
Tire Balancing $51.54$45.2913.8%

Utilities

ItemMartins FerryNational avg.Difference
All Electricity$200.47$170.8017.4%
Phone $26.50$28.266.2%
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, StatePopulationCost of Living IndexNational Avg.
Glencoe, OH22979-21%
Windsor Heights, WV49180-20%
Wolfhurst, OH1,45881-19%
Benwood, WV1,28682-18%
Bellaire, OH4,23983-17%
Martins Ferry, OH6,85085-15%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
University Park, IL6,85293-7%
Seminole, TX6,84888-12%
Kenwood, OH6,85211010%
West Hattiesburg, MS6,85387-13%
Lakes of the Four Seasons, IN6,85411212%
Martins Ferry, OH6,85085-15%
Source: The Martins Ferry, OH cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.