Wellston 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.
IndexWellstonOhioNational
Cost of living index8091100
IndexWellstonOhioNational
Goods & Services index9696100
Groceries index9099100
Health care index9796100
Housing index4875100
Transportation index8395100
Utilities index96101100
Here we can see a simple outline of the cost of living in Wellston, OH. As you can see, with the average cost of living in Wellston, OH being 80, that puts it 12% lower than the average of Ohio and 20% lower than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of Wellston, OH, the price of goods and services are equal to the average of Ohio as well as 4% lower than the nation's average.

Did you know?

  • The cost of living in Wellston is 12% lower than the Ohio average.
  • The cost of living in Wellston is 20% lower than the national average.
  • The cost of housing in Wellston is 52% 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 Wellston, 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
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Groceries index
Health care index
Housing index
Transportation index
Utilities index
Using the salary calculator lets you compare the salary you earn in Wellston, OH to what it is in other cities. It will let you know what your earnings would have to be in another city to have the same standard of living, as determined by the cost of living in each city. For example, if the cost of living in the area you want to move to is higher than the cost of living in Wellston, OH, you have to earn a higher income in order to still have the same standard of living. To operate the Wellston, OH salary calculator, put in the name of the other city, then move the slider to the point that represents the current income. The salary calculator will take care of the rest and tell you how much more or less you must earn in the new city. A Total breakdown of the cost of living is also provided.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$52,580$4,382$1,227$1,578
Renters$17,661$1,472$412$530
If you want to find a good determining factor for the cost of living and the general affordability of housing in Wellston, OH, all you must look at is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Wellston, OH, the median monthly income is $52,580 for those who own their own homes. Under the standard rule, that income level would allow for $1,227 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $17,661, per the median income in the area. That would allow for renters to spend up to $412 on monthly rental expenses.

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 you are determining the total cost of living in Wellston, OH you will want to make sure you consider both the Ohio sales tax and the Ohio income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in Ohio is 5.75%, with the highest surtax being 8%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in Ohio have a range from 0.528% to 5.333%.

Goods & Services

ItemWellstonNational avg.Difference
Haircut $11.20$14.5923.3%
Beauty Salon $33.20$34.684.3%
Toothpaste $1.78$2.4728.0%
Shampoo $0.91$1.0211.0%
Movie $9.31$9.875.7%
Bowling $4.25$4.393.2%

Groceries

ItemWellstonNational avg.Difference
Ground Beef $4.73$4.485.7%
Fried Chicken $1.17$1.4620.1%
Milk $1.88$2.3620.2%
Potatoes $2.37$3.0622.6%
Pizza $9.99$9.248.1%
Beer $7.99$8.637.4%

Health Care

ItemWellstonNational avg.Difference
Optometrist $59.90$99.7840.0%
Doctor $111.67$105.036.3%
Dentist $94.00$88.706.0%
Ibuprofen $7.49$9.4120.4%
Lipitor $267.15$298.5010.5%

Housing

ItemWellstonNational avg.Difference
Home Price $76,900.00$175,700.0056.2%
Avg. Mortgage Payment $836.00$1,081.0322.7%
Apartment Rent $518.00$920.0043.7%

Transportation

ItemWellstonNational avg.Difference
Gasoline $1.75$2.0916.6%
Tire Balancing $36.75$45.2918.8%

Utilities

ItemWellstonNational avg.Difference
All Electricity$161.00$170.805.7%
Phone $27.99$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.
Wilkesville, OH12176-24%
Vinton, OH25277-23%
Zaleski, OH40379-21%
Hamden, OH93679-21%
Coalton, OH60480-20%
Wellston, OH5,59080-20%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Newmarket, NH5,58911717%
Saranap, CA5,59118080%
Paola, KS5,58989-11%
Hawkinsville, GA5,58886-14%
Lebanon, KY5,59484-16%
Wellston, OH5,59080-20%
Source: The Wellston, OH cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.