Painesville 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.
IndexPainesvilleOhioNational
Cost of living index9291100
IndexPainesvilleOhioNational
Goods & Services index10596100
Groceries index10799100
Health care index11496100
Housing index6575100
Transportation index9795100
Utilities index100101100
Displayed above is a general overview of the Painesville, OH cost of living index. The overall cost of living index in Painesville, OH is 92, which is 2% higher than the Ohio average and 8% 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 Painesville, OH are 9% higher than the Ohio average and 5% higher than the national average.

Did you know?

  • The cost of living in Painesville is 2% higher than the Ohio average.
  • The cost of living in Painesville is 8% lower than the national average.
  • The cost of housing in Painesville is 35% 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

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Use the salary calculator to compare your current salary in Painesville, OH to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Painesville, OH, then you would need to earn more income in order to maintain the same standard of living. To use the Painesville, OH salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$62,036$5,170$1,447$1,861
Renters$21,159$1,763$494$635
One can approximate the cost of living and the housing affordability in Painesville, OH by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Painesville, OH have a median income of $62,036. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,447 per month to avoid calamity and poverty. The renters in the city have an income of about $21,159, which would make their monthly maximum allowable rental costs $494.

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 Painesville, 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

ItemPainesvilleNational avg.Difference
Haircut $17.45$14.5919.6%
Beauty Salon $41.75$34.6820.4%
Toothpaste $2.64$2.476.7%
Shampoo $1.03$1.020.8%
Movie $10.15$9.872.9%
Bowling $4.29$4.392.3%

Groceries

ItemPainesvilleNational avg.Difference
Ground Beef $4.86$4.488.6%
Fried Chicken $1.54$1.465.2%
Milk $2.69$2.3614.1%
Potatoes $2.79$3.068.9%
Pizza $11.00$9.2419.0%
Beer $7.99$8.637.4%

Health Care

ItemPainesvilleNational avg.Difference
Optometrist $84.74$99.7815.1%
Doctor $115.50$105.0310.0%
Dentist $115.00$88.7029.6%
Ibuprofen $11.07$9.4117.6%
Lipitor $302.96$298.501.5%

Housing

ItemPainesvilleNational avg.Difference
Home Price $107,500.00$175,700.0038.8%
Avg. Mortgage Payment $1,001.84$1,081.037.3%
Apartment Rent $692.00$920.0024.8%

Transportation

ItemPainesvilleNational avg.Difference
Gasoline $1.99$2.094.9%
Tire Balancing $45.52$45.290.5%

Utilities

ItemPainesvilleNational avg.Difference
All Electricity$165.58$170.803.1%
Phone $29.58$28.264.7%
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.
Euclid, OH48,31390-10%
Fairport Harbor, OH3,11092-8%
Aquilla, OH33693-7%
Pheasant Run, OH1,57694-6%
Willowick, OH14,08494-6%
Painesville, OH19,68992-8%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Sugar Hill, GA19,6881022%
West St. Paul, MN19,6901022%
Coralville, IA19,67797-3%
East Northport, NY19,70815353%
McKeesport, PA19,66383-17%
Painesville, OH19,68992-8%
Source: The Painesville, OH cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.