North Madison 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.
IndexNorth MadisonOhioNational
Cost of living index9591100
IndexNorth MadisonOhioNational
Goods & Services index10199100
Groceries index114101100
Health care index10095100
Housing index7675100
Transportation index106101100
Utilities index9291100
A general overview of the cost of living index for North Madison, OH is displayed above. In North Madison, OH, the overall cost of living index is 95, which is 4% higher than the Ohio average and 5% lower than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of North Madison, OH, the city's goods and services are 2% higher than the Ohio average and 1% higher than the U.S. average.

Did you know?

  • The cost of living in North Madison is 4% higher than the Ohio average.
  • The cost of living in North Madison is 5% lower than the national average.
  • The cost of housing in North Madison is 24% 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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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 North Madison, 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 North Madison, OH, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The North Madison, 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)
The affordability of the housing market in North Madison, 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 North Madison, OH homeowners, the median income is $57,760. This indicates that a monthly maximum of $1,348 should be spent by homeowners on all housing related costs. Renters have a median income of $37,314. This indicates that renters should have a maximum of $871 used for their rent related monthly costs.

Ohio Sales Tax

StateGeneral Sales TaxWith Max Surtax

Ohio Income Tax

StateIncome Tax (Low)Income Tax (High)
The Ohio sales tax and Ohio income tax rates should definitely be considered when determining the overall cost of living in North Madison, 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

ItemNorth MadisonNational avg.Difference
Haircut $14.90$15.564.3%
Beauty Salon $34.40$36.114.7%
Toothpaste $2.71$2.479.7%
Shampoo $1.02$0.965.4%
Movie $10.70$10.135.7%
Bowling $4.68$4.741.2%


ItemNorth MadisonNational avg.Difference
Ground Beef $5.32$3.9833.6%
Fried Chicken $1.70$1.4120.6%
Milk $2.06$2.060.3%
Potatoes $2.69$2.989.7%
Pizza $10.90$9.4715.0%
Beer $7.72$8.7912.2%

Health Care

ItemNorth MadisonNational avg.Difference
Optometrist $78.95$101.0421.9%
Doctor $112.80$107.445.0%
Dentist $83.71$90.427.4%
Ibuprofen $9.98$9.287.5%
Lipitor $459.10$426.507.6%


ItemNorth MadisonNational avg.Difference
Home Price $116,100.00$175,700.0033.9%
Avg. Mortgage Payment $959.35$1,133.2315.3%
Apartment Rent $926.00$920.000.7%


ItemNorth MadisonNational avg.Difference
Gasoline $2.03$1.991.7%
Tire Balancing $53.47$45.7616.8%


ItemNorth MadisonNational avg.Difference
All Electricity$122.96$163.8124.9%
Phone $32.52$28.3914.6%
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.
Ashtabula, OH18,81987-13%
Geneva-on-the-Lake, OH1,46288-12%
Jefferson, OH2,99890-10%
Geneva, OH6,15890-10%
Fairport Harbor, OH3,11091-9%
North Madison, OH8,95295-5%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Maysville, KY8,95186-14%
Andover, MA8,95315555%
New Baltimore, VA8,95513838%
Barre, VT8,9551033%
Sitka, AK8,95713838%
North Madison, OH8,95295-5%
Source: The North Madison, OH cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.