Willard 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.
IndexWillardOhioNational
Cost of living index8191100
IndexWillardOhioNational
Goods & Services index8796100
Groceries index9799100
Health care index9196100
Housing index5475100
Transportation index9895100
Utilities index98101100
A general summary of the cost of living index in Willard, OH is shown above. Compared to the state average of Ohio the cost of living index in Willard, OH is 81, which is 11% lower than the average in Ohio and compared to the national average it is 19% lower than. The cost of living index is made up of several categories. These are transportation at 9%, utilities at 10%, goods and services at 33%, housing at 30%, groceries at 13%, and health care at 5%. The bulk of the cost of living index comes from the categories of goods and services and housing. If you look at everyday goods and services they can be a good indicator in a certain city of the general costs of goods there. In Willard, OH goods and services come in at 10% lower than the average in Ohio and are 13% lower than compared to the nationwide average.

Did you know?

  • The cost of living in Willard is 11% lower than the Ohio average.
  • The cost of living in Willard is 19% lower than the national average.
  • The cost of housing in Willard is 46% 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 Willard

Location
Price
Bedrooms
Bathrooms
 

New Real Estate Listings In Willard

Compare Willard, 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
Using the salary calculator lets you compare the salary you earn in Willard, 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 Willard, OH, you have to earn a higher income in order to still have the same standard of living. To operate the Willard, 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$62,457$5,205$1,457$1,874
Renters$20,565$1,714$480$617
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Willard, 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 Willard, OH homeowners, is $62,457. This would allow for a maximum of $1,457 per month to be spent on housing costs. For renters, the median monthly income is $20,565 which would result in a maximum of $480 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%
When assessing the complete cost of living in Willard, OH, the Ohio income tax and the Ohio sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The Ohio maximum surtax is 8%, and the Ohio sales tax is 5.75%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 0.528% to 5.333% in Ohio.

Goods & Services

ItemWillardNational avg.Difference
Haircut $11.80$14.5919.1%
Beauty Salon $31.75$34.688.4%
Toothpaste $2.47$2.470.1%
Shampoo $1.20$1.0217.4%
Movie $8.38$9.8715.1%
Bowling $3.00$4.3931.7%

Groceries

ItemWillardNational avg.Difference
Ground Beef $3.83$4.4814.4%
Fried Chicken $1.39$1.465.1%
Milk $2.21$2.366.2%
Potatoes $2.23$3.0627.2%
Pizza $9.00$9.242.6%
Beer $7.99$8.637.4%

Health Care

ItemWillardNational avg.Difference
Optometrist $92.00$99.787.8%
Doctor $87.67$105.0316.5%
Dentist $74.75$88.7015.7%
Ibuprofen $8.31$9.4111.7%
Lipitor $324.05$298.508.6%

Housing

ItemWillardNational avg.Difference
Home Price $87,700.00$175,700.0050.1%
Avg. Mortgage Payment $627.79$1,081.0341.9%
Apartment Rent $587.00$920.0036.2%

Transportation

ItemWillardNational avg.Difference
Gasoline $1.98$2.095.5%
Tire Balancing $48.33$45.296.7%

Utilities

ItemWillardNational avg.Difference
All Electricity$136.21$170.8020.3%
Phone $34.95$28.2623.7%
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.
Flat Rock, OH5092-8%
Sulphur Springs, OH14277-23%
Tiro, OH19578-22%
Chatfield, OH18479-21%
Shiloh, OH62986-14%
Willard, OH6,16381-19%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Monticello, KY6,16377-23%
Talent, OR6,1641099%
Los Fresnos, TX6,16476-24%
Lee Acres, NM6,16487-13%
Kingston Estates, NJ6,16112121%
Willard, OH6,16381-19%
Source: The Willard, OH cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.