A+
11%
Overall NAT. AVG.
7%
Goods & Services NAT. AVG.
38%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index Boardman Ohio National
Cost of living8992100
Goods & Services93100100
Groceries100101100
Health care9198100
Housing6273100
Transportation107100100
Utilities12599100

An Overview of Cost of Living in Boardman, OH

Knowing the cost of living in Boardman allows individuals to create a realistic budget. This helps them understand how their income will cover expenses and whether they need to make financial adjustments. The cost of living in any region can fluctuate due to various factors. To assess the cost of living consistently across different areas, a national average of 100 serves as the basis for the cost of living index. The cost of living in Boardman stands at 89, marking it 11% lower than the national average.

Is Boardman Affordable?

Is Boardman affordable? It's a key consideration when pondering a move, as affordability often shapes your choices. The cost of living index (we discussed it earlier), coupled with housing costs and income levels, serves as the cornerstone for determining a location's affordability. Take Boardman, for instance, where the median home price falls 39.3% lower than the national average, and monthly rent rates are 33.6% lower than usual. Additionally, median income levels contribute to the equation, with Boardman flaunting a median household income of $51,158, 7.5% lower than the national norm.

What Factors can Influence the Cost of Living in Boardman?

Taxes: Cities that enforce higher taxes, covering both sales taxes and income taxes, can be a factor contributing to a higher cost of living. Paying more in taxes for everyday essentials like clothing and food inevitably leads to higher expenses. A higher income tax rate can further contribute to an overall elevated cost of living. In Boardman, the baseline sales tax rate begins at 5.75%, and income tax rates start at 0%.

Transportation: If public transportation is limited or not available, residents may need to own and maintain vehicles, which can add to the cost of living. Gas, insurance, regular maintenance and potentially lease or finance payments will all need to be paid on a monthly basis. In Boardman, the transportation index is 7.4% higher than the national average.

Utilities: Much like any other costs, utility expenses can exhibit considerable variations, influenced by factors such as climate, available energy sources, geographic location and state regulations. The costs associated with electricity, water, heating, and waste disposal can vary significantly depending on the city or state in question. In Boardman, the utilities index stands at 25.4% higher than the national average.

Where is the Data From?

The cost of living data in Boardman displayed above is sourced from the C2ER cost of living index, which serves as a practical tool for comparing living expenses across urban areas. Published on a quarterly basis, this index aggregates data from over 300 independent researchers, encompassing more than 60 goods and services, in 6 different categories. The weightings assigned to cost differences rely on government survey data that tracks the spending habits of professional and executive households. It's worth noting that the C2ER index excludes data on sales or income tax rates, while AreaVibes integrates tax rates into the overall cost of living evaluation for each region.

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Cost Of Living Quick Facts

  • The cost of living in Boardman is 3% lower than the Ohio average
  • The cost of living in Boardman is 11% lower than the national average
  • Boardman housing is 38% lower than the national average
  • Ohio general sales tax is 13% higher than the national average
  • Ohio state income tax is 6% higher than the national average

Most Affordable Places to Live in and Around Boardman

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Compare Boardman, OH Cost of Living

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      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

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$65,321$5,443$1,524$1,960
      Renters$30,193$2,516$704$906
      To approximate the cost of living and the housing affordability in Boardman, OH, we can look at the percentage of income that is available to be spent on monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side, a consumer should not spend more than 28% of his or her gross income on housing-related expenses and costs and not more than 36% of income on all expenses and debts. Homeowners in Boardman have a median income of $65,321. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,524 per month to avoid calamity and poverty. The renters in the city have an income of about $30,193, which would make their monthly maximum allowable rental costs $704.

      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 2.76% 3.99%

      Goods & Services

      Item Boardman National avg. Difference
      Haircut $23.73$24.262.2%
      Beauty Salon $40.40$45.5611.3%
      Toothpaste $3.72$3.700.6%
      Shampoo $1.39$1.288.5%
      Movie $11.77$12.133.0%
      Bowling $16.24$18.009.8%

      Groceries

      Item Boardman National avg. Difference
      Ground Beef $5.70$5.842.3%
      Fried Chicken $1.41$1.5710.6%
      Milk $4.52$4.673.2%
      Potatoes $5.47$4.9310.8%
      Pizza $12.83$12.096.2%
      Beer $10.58$10.411.6%

      Health Care

      Item Boardman National avg. Difference
      Optometrist $109.26$125.6813.1%
      Doctor $100.92$135.7825.7%
      Dentist $110.50$113.292.5%
      Ibuprofen $10.45$10.651.9%
      Lipitor $502.54$468.607.2%

      Housing

      Item Boardman National avg. Difference
      Home Price $112,100.00$184,700.0039.3%
      Avg. Mortgage Payment $2,225.61$2,346.695.2%
      Apartment Rent $630.00$949.0033.6%

      Transportation

      Item Boardman National avg. Difference
      Gasoline $3.73$3.467.6%
      Tire Balancing $64.05$59.926.9%

      Utilities

      Item Boardman National avg. Difference
      All Electricity $270.68$193.9939.5%
      Phone $196.77$192.252.4%
      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 Population Cost of Living Index National Avg.
      Damascus, OH286963.8%
      West Hill, OH2,0318118.6%
      Youngstown, OH64,1528218.1%
      Wheatland, PA5548218.0%
      Farrell, PA4,6348317.1%
      Boardman, OH34,7178910.7%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Owings Mills, MD34,71111817.7%
      Leawood, KS34,70213535.1%
      Lebanon, TN34,7591066.1%
      Stow, OH34,770991.4%
      Dakota Ridge, CO34,65513131.0%
      Boardman, OH34,7178910.7%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.