Monfort Heights 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.
IndexMonfort HeightsOhioNational
Cost of living index9591100
IndexMonfort HeightsOhioNational
Goods & Services index9396100
Groceries index9399100
Health care index9596100
Housing index9475100
Transportation index9695100
Utilities index106101100
Displayed above is a general overview of the Monfort Heights, OH cost of living index. The overall cost of living index in Monfort Heights, OH is 95, which is 5% higher than the Ohio average and 5% 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 Monfort Heights, OH are 3% lower than the Ohio average and 7% lower than the national average.

Did you know?

  • The cost of living in Monfort Heights is 5% higher than the Ohio average.
  • The cost of living in Monfort Heights is 5% lower than the national average.
  • The cost of housing in Monfort Heights is 6% 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 Monfort Heights, OH Cost of living To Other Cities

Salary Calculator

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Using the salary calculator lets you compare the salary you earn in Monfort Heights, OH to what it is in other cities. It will let you know what your earnings would have to be in another city to have the same standard of living, as determined by the cost of living in each city. For example, if the cost of living in the area you want to move to is higher than the cost of living in Monfort Heights, OH, you have to earn a higher income in order to still have the same standard of living. To operate the Monfort Heights, OH salary calculator, put in the name of the other city, then move the slider to the point that represents the current income. The salary calculator will take care of the rest and tell you how much more or less you must earn in the new city. A Total breakdown of the cost of living is also provided.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$77,591$6,466$1,810$2,328
Renters$41,625$3,469$971$1,249
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Monfort Heights, OH as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Monfort Heights, OH homeowners, is $77,591. This would allow for a maximum of $1,810 per month to be spent on housing costs. For renters, the median monthly income is $41,625 which would result in a maximum of $971 to be spent on rental 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%
For those who live in Monfort Heights, OH and want to know what the true cost of living is, they ought to look at both the Ohio income tax rate and the Ohio sales tax rate. By sales tax, we mean the taxes that are included whenever a person is purchasing any goods or services. The amount that is taxed depends upon the particular state, where some states have a sales tax of zero percent while others can have a tax higher than seven percent. In Ohio, the sales tax is 5.75%, while the most you'll pay in surtax is 8%. There is also income tax to consider, which is based upon the amount of money made in a year. Just like sales tax, income tax depends upon the particular state but also depends upon what tax bracket the person is in. Income tax for the state can be higher than nine percent in some states to zero percent in others. For those that live in Ohio, the income tax rate ranges between 0.528% to 5.333%.

Goods & Services

ItemMonfort HeightsNational avg.Difference
Haircut $12.50$14.5914.3%
Beauty Salon $32.61$34.686.0%
Toothpaste $2.54$2.472.7%
Shampoo $0.88$1.0213.9%
Movie $9.72$9.871.5%
Bowling $4.08$4.397.1%

Groceries

ItemMonfort HeightsNational avg.Difference
Ground Beef $4.21$4.486.0%
Fried Chicken $1.08$1.4626.2%
Milk $1.63$2.3630.8%
Potatoes $3.00$3.062.0%
Pizza $8.19$9.2411.4%
Beer $8.22$8.634.8%

Health Care

ItemMonfort HeightsNational avg.Difference
Optometrist $90.90$99.788.9%
Doctor $92.83$105.0311.6%
Dentist $83.38$88.706.0%
Ibuprofen $8.10$9.4113.9%
Lipitor $317.61$298.506.4%

Housing

ItemMonfort HeightsNational avg.Difference
Home Price $164,000.00$175,700.006.7%
Avg. Mortgage Payment $812.88$1,081.0324.8%
Apartment Rent $864.00$920.006.1%

Transportation

ItemMonfort HeightsNational avg.Difference
Gasoline $2.03$2.093.1%
Tire Balancing $42.99$45.295.1%

Utilities

ItemMonfort HeightsNational avg.Difference
All Electricity$202.79$170.8018.7%
Phone $24.99$28.2611.6%
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, OH1196-4%
Brecon, OH25669-31%
Elizabethtown, OH30275-25%
New Baltimore, OH52378-22%
Elmwood Place, OH1,88780-20%
Monfort Heights, OH11,96595-5%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Edgewater, NJ11,96918181%
Summerfield, MD11,9701088%
Mays Chapel, MD11,95712727%
Mount Washington, KY11,95695-5%
Lake Los Angeles, CA11,94898-2%
Monfort Heights, OH11,96595-5%
Source: The Monfort Heights, OH cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.