Cost Of Living In New Lexington, OH

New Lexington 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.
Index	New Lexington	Ohio	National
Cost of living index	83	91	100
Index	New Lexington	Ohio	National
Goods & Services index	99	99	100
Groceries index	94	101	100
Health care index	95	95	100
Housing index	52	75	100
Transportation index	96	101	100
Utilities index	87	91	100

The above illustration supplies generalized information for the New Lexington, OH cost of living index. Compared to other cities in Ohio and cities across the country, the cost of living index in New Lexington, OH is 83, which is 10% lower than the Ohio average and 17% lower than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in New Lexington, OH are 1% lower than the average for Ohio and 2% lower than the rest of the country.

Did you know?

The cost of living in New Lexington is 10% lower than the Ohio average.
The cost of living in New Lexington is 17% lower than the national average.
The cost of housing in New Lexington is 48% 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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Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Using the salary calculator lets you compare the salary you earn in New Lexington, 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 New Lexington, OH, you have to earn a higher income in order to still have the same standard of living. To operate the New Lexington, 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 Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$47,866	$3,989	$1,117	$1,436
Renters	$23,652	$1,971	$552	$710

The affordability of the housing market in New Lexington, OH as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among New Lexington, OH homeowners, the median income is $47,866. This indicates that a monthly maximum of $1,117 should be spent by homeowners on all housing related costs. Renters have a median income of $23,652. This indicates that renters should have a maximum of $552 used for their rent related monthly costs.

Ohio Sales Tax

State	General Sales Tax	With Max Surtax
Ohio	5.75%	8%

Ohio Income Tax

State	Income Tax (Low)	Income Tax (High)
Ohio	0.528%	5.333%

The Ohio sales tax and Ohio income tax rates should definitely be considered when determining the overall cost of living in New Lexington, OH. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The Ohio sales tax is 5.75% and the maximum surtax is 8%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The Ohio income tax rates range from 0.528% to 5.333%.

Goods & Services

Item	New Lexington	National avg.	Difference
Haircut	$12.12	$15.56	22.2%
Beauty Salon	$32.80	$36.11	9.2%
Toothpaste	$1.93	$2.47	21.8%
Shampoo	$0.80	$0.96	17.1%
Movie	$9.59	$10.13	5.3%
Bowling	$4.18	$4.74	11.7%

Groceries

Item	New Lexington	National avg.	Difference
Ground Beef	$3.81	$3.98	4.3%
Fried Chicken	$1.28	$1.41	9.0%
Milk	$1.73	$2.06	16.2%
Potatoes	$2.68	$2.98	10.2%
Pizza	$8.99	$9.47	5.1%
Beer	$8.16	$8.79	7.2%

Health Care

Item	New Lexington	National avg.	Difference
Optometrist	$54.39	$101.04	46.2%
Doctor	$96.85	$107.44	9.9%
Dentist	$92.19	$90.42	2.0%
Ibuprofen	$8.22	$9.28	11.5%
Lipitor	$431.97	$426.50	1.3%

Housing

Item	New Lexington	National avg.	Difference
Home Price	$79,800.00	$175,700.00	54.6%
Avg. Mortgage Payment	$782.25	$1,133.23	31.0%
Apartment Rent	$626.00	$920.00	32.0%

Transportation

Item	New Lexington	National avg.	Difference
Gasoline	$1.97	$1.99	1.0%
Tire Balancing	$41.58	$45.76	9.1%

Utilities

Item	New Lexington	National avg.	Difference
All Electricity	$128.45	$163.81	21.6%
Phone	$27.99	$28.39	1.4%

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, State	Population	Cost of Living Index	National Avg.
Rendville, OH	96	72	-28%
Murray City, OH	399	78	-22%
Corning, OH	641	78	-22%
Hemlock, OH	196	79	-21%
Shawnee village, OH	587	79	-21%
New Lexington, OH	4,889	83	-17%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Boothwyn, PA	4,889	108	8%
Winfield, IN	4,888	117	17%
Welcome, NC	4,891	88	-12%
Fort Pierce South, FL	4,887	88	-12%
Denair, CA	4,892	107	7%
New Lexington, OH	4,889	83	-17%

Source: The New Lexington, OH cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.

New Lexington, OH Cost of Living