A+
11%
Overall NAT. AVG.
8%
Goods & Services NAT. AVG.
28%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index New Philadelphia Ohio National
Cost of living8992100
Goods & Services92100100
Groceries101101100
Health care9598100
Housing7273100
Transportation98100100
Utilities10399100

An Overview of Cost of Living in New Philadelphia, OH

Understanding the cost of living in New Philadelphia can help future residents assess whether their current financial situation aligns with the expenses they will encounter. It enables them to plan for potential changes in their budget and lifestyle. The New Philadelphia cost of living index is 89, which is 11% lower than the national average. The cost of living index is calculated by taking into account multiple categories, which encompass both the cost of everyday expenditures and larger expenses as well.

Is New Philadelphia Affordable?

Is New Philadelphia an affordable place to live? It's a good question and one that you might want to ask when considering any new city, as affordability can play a huge role in the decision making process. The cost of living index (which we covered above), as well as housing costs and income levels play a vital role in determining the affordability of an area. The median home price in New Philadelphia is 32.6% lower than the national average, while the average monthly rent prices are 18.1% lower than average. The affordability of any location can also be influenced by median income levels. New Philadelphia has a median household income of $46,274, which is 16.4% lower than the national average.

What Factors can Influence the Cost of Living in New Philadelphia?

Urbanization: Urban areas with a wealth of amenities and employment opportunities tend to come with a higher price tag for living. Why? Well, more people want to be there, which drives up home prices and rents. On the flip side, less densely populated rural areas or places where there's not as much demand usually mean fewer attractions, things to do and slower job growth. That often results in a lower cost of living.

Subsidies: Certain regions may provide government subsidies or assistance initiatives designed to alleviate the cost of living burden on their residents. These programs encompass a wide range of support mechanisms, such as Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and farming subsidies. Areas with fewer subsidy offerings might experience an elevation in their cost of living.

Healthcare: The costs associated with healthcare and insurance premiums can exhibit notable disparities based on the city or state of residence. Access to healthcare facilities, out-of-pocket expenses for medical appointments, dental care charges, prescription medication costs and specialized medical care expenses all contribute to variations in the cost of living. In New Philadelphia, healthcare costs are 4.8% lower than the national average.

Where is the Data From?

The New Philadelphia cost of living data displayed above is derived from the C2ER cost of living index to provide a useful and reasonably accurate measure of living cost differences in urban areas. Published on a quarterly basis, it compiles data from more than 300 independent researchers, encompassing over 60 goods and services. These items have been meticulously selected to represent various consumer expenditure categories, in 6 categories. Weightings assigned to cost differentials draw from government survey data tracking spending patterns among professional and executive households. While the C2ER index excludes data on sales or income tax rates, AreaVibes incorporates tax rates into the overall cost of living score for each region.

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Cost Of Living Quick Facts

  • The cost of living in New Philadelphia is 3% lower than the Ohio average
  • The cost of living in New Philadelphia is 11% lower than the national average
  • New Philadelphia housing is 28% lower than the national average
  • Ohio general sales tax is 13% higher than the national average
  • Ohio state income tax is 100% lower than the national average

Most Affordable Places to Live in and Around New Philadelphia

See all the best places to live around New Philadelphia

Compare New Philadelphia, OH Cost of Living

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      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

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$56,234$4,686$1,312$1,687
      Renters$27,152$2,263$634$815
      The percent of monthly income spent on housing can be a good indicator of the affordability of housing in New Philadelphia, 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 New Philadelphia homeowners, is $56,234. This would allow for a maximum of $1,312 per month to be spent on housing costs. For renters, the median monthly income is $27,152 which would result in a maximum of $634 to be spent on rental 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% 3.99%

      Goods & Services

      Item New Philadelphia National avg. Difference
      Haircut $23.67$24.262.5%
      Beauty Salon $35.31$45.5622.5%
      Toothpaste $3.68$3.700.5%
      Shampoo $1.45$1.2813.0%
      Movie $11.60$12.134.4%
      Bowling $18.27$18.001.5%

      Groceries

      Item New Philadelphia National avg. Difference
      Ground Beef $5.46$5.846.5%
      Fried Chicken $1.39$1.5711.4%
      Milk $4.57$4.672.3%
      Potatoes $5.38$4.939.1%
      Pizza $9.98$12.0917.4%
      Beer $10.51$10.411.0%

      Health Care

      Item New Philadelphia National avg. Difference
      Optometrist $103.58$125.6817.6%
      Doctor $119.67$135.7811.9%
      Dentist $109.73$113.293.1%
      Ibuprofen $10.73$10.650.7%
      Lipitor $503.65$468.607.5%

      Housing

      Item New Philadelphia National avg. Difference
      Home Price $124,400.00$184,700.0032.6%
      Avg. Mortgage Payment $1,788.16$2,346.6923.8%
      Apartment Rent $777.00$949.0018.1%

      Transportation

      Item New Philadelphia National avg. Difference
      Gasoline $3.41$3.461.4%
      Tire Balancing $57.76$59.923.6%

      Utilities

      Item New Philadelphia National avg. Difference
      All Electricity $205.88$193.996.1%
      Phone $186.78$192.252.8%
      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 Population Cost of Living Index National Avg.
      Tippecanoe, OH971010.8%
      Sandyville, OH128963.8%
      Deersville, OH121010.8%
      Bowerston, OH5058119.3%
      Dundee, OH6548118.7%
      New Philadelphia, OH17,4858911.2%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Greenfield Town, MA17,4771043.9%
      Brownsville, FL17,4751055.1%
      Redland, MD17,47514140.7%
      Amesbury Town, MA17,47413332.7%
      Tiffin, OH17,4738811.6%
      New Philadelphia, OH17,4858911.2%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.