Mount Healthy 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.
IndexMount HealthyOhioNational
Cost of living index8591100
IndexMount HealthyOhioNational
Goods & Services index10099100
Groceries index92101100
Health care index9795100
Housing index5775100
Transportation index100101100
Utilities index9391100
Here we can see a simple outline of the cost of living in Mount Healthy, OH. As you can see, with the average cost of living in Mount Healthy, OH being 85, that puts it 7% lower than the average of Ohio and 15% 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 Mount Healthy, 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 Mount Healthy is 7% lower than the Ohio average.
  • The cost of living in Mount Healthy is 15% lower than the national average.
  • The cost of housing in Mount Healthy is 43% 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.

Find Real Estate Listings In Mount Healthy

Location
Price
Bedrooms
Bathrooms
 

New Real Estate Listings In Mount Healthy

Compare Mount Healthy, OH Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
Price difference in compared to
Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
The salary calculator allows you to compare how much your current salary in Mount Healthy, 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 Mount Healthy, OH, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Mount Healthy, 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$45,536$3,795$1,062$1,366
Renters$23,116$1,926$539$694
If you want to find a good determining factor for the cost of living and the general affordability of housing in Mount Healthy, OH, all you must look at is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Mount Healthy, OH, the median monthly income is $45,536 for those who own their own homes. Under the standard rule, that income level would allow for $1,062 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $23,116, per the median income in the area. That would allow for renters to spend up to $539 on monthly rental expenses.

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 Mount Healthy, 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

ItemMount HealthyNational 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

ItemMount HealthyNational 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

ItemMount HealthyNational 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

ItemMount HealthyNational avg.Difference
Home Price $87,900.00$175,700.0050.0%
Avg. Mortgage Payment $805.19$1,133.2328.9%
Apartment Rent $667.00$920.0027.5%

Transportation

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

Utilities

ItemMount HealthyNational 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%
Mount Healthy, OH6,06185-15%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Union Gap, WA6,06193-7%
Zephyrhills South, FL6,05981-19%
South Oroville, CA6,05899-1%
Trenton, MO6,05883-17%
University at Buffalo, NY6,0581055%
Mount Healthy, OH6,06185-15%
Source: The Mount Healthy, OH cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.