Cost Of Living In Wakeman, OH

Wakeman 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.
Index	Wakeman	Ohio	National
Cost of living index	85	91	100
Index	Wakeman	Ohio	National
Goods & Services index	86	99	100
Groceries index	99	101	100
Health care index	90	95	100
Housing index	68	75	100
Transportation index	99	101	100
Utilities index	95	91	100

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The cost of living in Wakeman is 7% lower than the Ohio average.
The cost of living in Wakeman is 15% lower than the national average.
The cost of housing in Wakeman is 32% 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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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	$54,861	$4,572	$1,280	$1,646
Renters	$40,859	$3,405	$953	$1,226

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	0.528%	5.333%

Goods & Services

Item	Wakeman	National avg.	Difference
Haircut	$12.64	$15.56	18.8%
Beauty Salon	$24.27	$36.11	32.8%
Toothpaste	$2.00	$2.47	19.2%
Shampoo	$0.95	$0.96	1.2%
Movie	$8.58	$10.13	15.3%
Bowling	$4.37	$4.74	7.7%

Groceries

Item	Wakeman	National avg.	Difference
Ground Beef	$3.59	$3.98	10.0%
Fried Chicken	$1.68	$1.41	19.4%
Milk	$1.85	$2.06	10.2%
Potatoes	$2.97	$2.98	0.4%
Pizza	$9.05	$9.47	4.5%
Beer	$7.75	$8.79	11.9%

Health Care

Item	Wakeman	National avg.	Difference
Optometrist	$85.83	$101.04	15.1%
Doctor	$85.96	$107.44	20.0%
Dentist	$81.50	$90.42	9.9%
Ibuprofen	$9.35	$9.28	0.7%
Lipitor	$409.88	$426.50	3.9%

Housing

Item	Wakeman	National avg.	Difference
Home Price	$107,400.00	$175,700.00	38.9%
Avg. Mortgage Payment	$628.06	$1,133.23	44.6%
Apartment Rent	$788.00	$920.00	14.3%

Transportation

Item	Wakeman	National avg.	Difference
Gasoline	$2.14	$1.99	7.2%
Tire Balancing	$36.36	$45.76	20.5%

Utilities

Item	Wakeman	National avg.	Difference
All Electricity	$143.53	$163.81	12.4%
Phone	$30.33	$28.39	6.8%

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, State	Population	Cost of Living Index	National Avg.
New Haven CDP (Huron County), OH	382	80	-20%
Kipton, OH	260	80	-20%
North Fairfield, OH	690	80	-20%
New London, OH	2,589	81	-19%
Lorain, OH	63,885	89	-11%
Wakeman, OH	949	85	-15%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Woodall, OK	949	84	-16%
King City, MO	949	83	-17%
Longport, NJ	949	166	66%
Rogers, TX	949	77	-23%
Amherst, TX	949	75	-25%
Wakeman, OH	949	85	-15%

Source: The Wakeman, OH cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.

Wakeman, OH Cost of Living