Silverton 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.
Cost of living index8791100
Goods & Services index9396100
Groceries index9399100
Health care index9596100
Housing index6775100
Transportation index9695100
Utilities index106101100
Displayed above is a general overview of the Silverton, OH cost of living index. The overall cost of living index in Silverton, OH is 87, which is 4% lower than the Ohio average and 13% 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 Silverton, OH are 3% lower than the Ohio average and 7% lower than the national average.

Did you know?

  • The cost of living in Silverton is 4% lower than the Ohio average.
  • The cost of living in Silverton is 13% lower than the national average.
  • The cost of housing in Silverton is 33% 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 Silverton


New Real Estate Listings In Silverton

Compare Silverton, 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
Use the salary calculator to compare your current income in Silverton, OH to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Silverton, OH, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Silverton, OH salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Silverton, OH, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In Silverton, OH homeowners have a median income of $61,250. Using that number, you will come up with a maximum of $1,429 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $21,867, which means there is a maximum of $510 to be spent on the costs of renting a home or apartment.

Ohio Sales Tax

StateGeneral Sales TaxWith Max Surtax

Ohio Income Tax

StateIncome Tax (Low)Income Tax (High)
For those who live in Silverton, OH and want to know what the true cost of living is, they ought to look at both the Ohio income tax rate and the Ohio sales tax rate. By sales tax, we mean the taxes that are included whenever a person is purchasing any goods or services. The amount that is taxed depends upon the particular state, where some states have a sales tax of zero percent while others can have a tax higher than seven percent. In Ohio, the sales tax is 5.75%, while the most you'll pay in surtax is 8%. There is also income tax to consider, which is based upon the amount of money made in a year. Just like sales tax, income tax depends upon the particular state but also depends upon what tax bracket the person is in. Income tax for the state can be higher than nine percent in some states to zero percent in others. For those that live in Ohio, the income tax rate ranges between 0.528% to 5.333%.

Goods & Services

ItemSilvertonNational avg.Difference
Haircut $12.50$14.5914.3%
Beauty Salon $32.61$34.686.0%
Toothpaste $2.54$2.472.7%
Shampoo $0.88$1.0213.9%
Movie $9.72$9.871.5%
Bowling $4.08$4.397.1%


ItemSilvertonNational avg.Difference
Ground Beef $4.21$4.486.0%
Fried Chicken $1.08$1.4626.2%
Milk $1.63$2.3630.8%
Potatoes $3.00$3.062.0%
Pizza $8.19$9.2411.4%
Beer $8.22$8.634.8%

Health Care

ItemSilvertonNational avg.Difference
Optometrist $90.90$99.788.9%
Doctor $92.83$105.0311.6%
Dentist $83.38$88.706.0%
Ibuprofen $8.10$9.4113.9%
Lipitor $317.61$298.506.4%


ItemSilvertonNational avg.Difference
Home Price $120,300.00$175,700.0031.5%
Avg. Mortgage Payment $812.88$1,081.0324.8%
Apartment Rent $594.00$920.0035.4%


ItemSilvertonNational avg.Difference
Gasoline $2.03$2.093.1%
Tire Balancing $42.99$45.295.1%


ItemSilvertonNational avg.Difference
All Electricity$202.79$170.8018.7%
Phone $24.99$28.2611.6%
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.
Plainville, OH1196-4%
Brecon, OH25669-31%
New Baltimore, OH52378-22%
Elmwood Place, OH1,88780-20%
Lincoln Heights, OH3,34882-18%
Silverton, OH4,78187-13%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Gilbertsville, PA4,78011515%
Staunton, IL4,78088-12%
Dorneyville, PA4,78212424%
Raeford, NC4,78391-9%
Rincon Valley, AZ4,78411616%
Silverton, OH4,78187-13%
Source: The Silverton, OH cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.