Wadsworth 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.
IndexWadsworthOhioNational
Cost of living index9691100
IndexWadsworthOhioNational
Goods & Services index9196100
Groceries index11499100
Health care index9096100
Housing index8875100
Transportation index10595100
Utilities index102101100
A general overview of the cost of living index for Wadsworth, OH is displayed above. In Wadsworth, OH, the overall cost of living index is 96, which is 5% higher than the Ohio average and 4% 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 Wadsworth, OH, the city's goods and services are 5% lower than the Ohio average and 9% lower than the U.S. average.

Did you know?

  • The cost of living in Wadsworth is 5% higher than the Ohio average.
  • The cost of living in Wadsworth is 4% lower than the national average.
  • The cost of housing in Wadsworth is 12% 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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Compare Wadsworth, OH Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current income in Wadsworth, 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 Wadsworth, OH, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Wadsworth, 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)
Owners$70,207$5,851$1,638$2,106
Renters$34,306$2,859$800$1,029
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Wadsworth, 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 Wadsworth, OH homeowners, is $70,207. This would allow for a maximum of $1,638 per month to be spent on housing costs. For renters, the median monthly income is $34,306 which would result in a maximum of $800 to be spent on rental costs.

Ohio Sales Tax

StateGeneral Sales TaxWith Max Surtax
Ohio5.75%8%

Ohio Income Tax

StateIncome Tax (Low)Income Tax (High)
Ohio0.528%5.333%
The Ohio sales tax and Ohio income tax rates should definitely be considered when determining the overall cost of living in Wadsworth, 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

ItemWadsworthNational avg.Difference
Haircut $15.00$14.592.8%
Beauty Salon $31.80$34.688.3%
Toothpaste $2.87$2.4716.0%
Shampoo $1.05$1.022.7%
Movie $9.14$9.877.4%
Bowling $3.56$4.3918.9%

Groceries

ItemWadsworthNational avg.Difference
Ground Beef $4.07$4.489.1%
Fried Chicken $1.87$1.4627.7%
Milk $2.73$2.3615.8%
Potatoes $3.79$3.0623.8%
Pizza $8.99$9.242.7%
Beer $7.99$8.637.4%

Health Care

ItemWadsworthNational avg.Difference
Optometrist $77.20$99.7822.6%
Doctor $85.40$105.0318.7%
Dentist $73.80$88.7016.8%
Ibuprofen $9.43$9.410.2%
Lipitor $332.25$298.5011.3%

Housing

ItemWadsworthNational avg.Difference
Home Price $157,800.00$175,700.0010.2%
Avg. Mortgage Payment $1,362.45$1,081.0326.0%
Apartment Rent $782.00$920.0015.0%

Transportation

ItemWadsworthNational avg.Difference
Gasoline $2.07$2.091.2%
Tire Balancing $55.99$45.2923.6%

Utilities

ItemWadsworthNational avg.Difference
All Electricity$176.87$170.803.6%
Phone $28.01$28.260.9%
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.
North Lawrence, OH22585-15%
Akron, OH198,49286-14%
Barberton, OH26,37586-14%
Sterling, OH63186-14%
Lodi, OH2,77781-19%
Wadsworth, OH21,75296-4%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Del City, OK21,75681-19%
West Rancho Dominguez, CA21,73911616%
Prairie Village, KS21,7301044%
Avon, OH21,78311313%
Sachse, TX21,79011212%
Wadsworth, OH21,75296-4%
Source: The Wadsworth, OH cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.