Wyoming 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.
IndexWyomingOhioNational
Cost of living index11491100
IndexWyomingOhioNational
Goods & Services index9396100
Groceries index9399100
Health care index9596100
Housing index15675100
Transportation index9695100
Utilities index106101100
A general overview of the cost of living index for Wyoming, OH is displayed above. In Wyoming, OH, the overall cost of living index is 114, which is 25% higher than the Ohio average and 14% higher 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 Wyoming, OH, the city's goods and services are 3% lower than the Ohio average and 7% lower than the U.S. average.

Did you know?

  • The cost of living in Wyoming is 25% higher than the Ohio average.
  • The cost of living in Wyoming is 14% higher than the national average.
  • The cost of housing in Wyoming is 56% higher 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 Wyoming, 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
The salary calculator is used in order to provide a comparison of your current salary in Wyoming, OH to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to Wyoming, OH, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Wyoming, OH salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$117,969$9,831$2,752$3,539
Renters$46,250$3,854$1,079$1,388
A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in Wyoming, OH, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. Wyoming, OH has a median income of about $117,969 for people who own homes. Based on that number, a person should spend a maximum of $2,752 on expenses related to housing. Renters have a slightly different median income, which is $46,250. Based on this average, renters should spend no more than $1,079 on all of their rental costs if they want to maintain a non-impoverished standard of living.

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 Wyoming, 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

ItemWyomingNational 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%

Groceries

ItemWyomingNational 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

ItemWyomingNational 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%

Housing

ItemWyomingNational avg.Difference
Home Price $304,000.00$175,700.0073.0%
Avg. Mortgage Payment $812.88$1,081.0324.8%
Apartment Rent $1,068.00$920.0016.1%

Transportation

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

Utilities

ItemWyomingNational 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%
New Haven, OH81378-22%
Wyoming, OH8,40411414%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Wasilla, AK8,40612121%
Kulpsville, PA8,40112424%
Tecumseh, MI8,40788-12%
Bernalillo, NM8,40095-5%
Plymouth, WI8,40897-3%
Wyoming, OH8,40411414%
Source: The Wyoming, OH cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.