A+
14%
Overall NAT. AVG.
5%
Goods & Services NAT. AVG.
46%
Housing NAT. AVG.
Search Homes for Sale
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 Bucyrus Ohio National
Cost of living8692100
Goods & Services105100100
Groceries99101100
Health care8698100
Housing5473100
Transportation100100100
Utilities9499100

An Overview of Cost of Living in Bucyrus, OH

Understanding the cost of living in Bucyrus can help future residents assess whether their current financial situation aligns with the expenses they will encounter. It enables them to plan for potential changes in their budget and lifestyle. The Bucyrus cost of living index is 86, which is 14% lower than the national average. The cost of living index is calculated by taking into account multiple categories, which encompass both the cost of everyday expenditures and larger expenses as well.

Bucyrus housing costs are 46.4% less than the national average, making this area an affordable place to live. Your net income can be heavily impacted by housing expenses, at times exceeding 30%. Fortunately, this area demonstrates that both homeownership and renting costs are significantly more budget-friendly than in the rest of the country. With such favorable housing affordability, Bucyrus residents can earmark a more manageable portion of their income to housing.

Is Bucyrus Affordable?

Is Bucyrus affordable? This is a pivotal question, especially when mulling over a move, as affordability carries substantial weight in your decision-making process. Factors such as the cost of living index (discussed earlier), housing expenses and income levels all contribute to a location's affordability. For instance, in Bucyrus, the median home price is 52.5% lower than the national average and monthly rent prices are 32.2% lower than the typical rates. Additionally, the median income levels play a role in affordability, with Bucyrus boasting a median household income of $43,891, 20.7% lower than the national average.

What Factors can Influence the Cost of Living in Bucyrus?

Transportation: In situations where public transportation is limited or nonexistent, local residents may be required to own and maintain their own vehicles, contributing to an elevated cost of living. Monthly expenditures may encompass fuel costs, insurance premiums, routine vehicle upkeep and possibly lease or financing payments. In Bucyrus, the transportation index is 0.4% higher than the national average.

Subsidies: Some cities and states may extend government subsidies or aid programs aimed at reducing the cost of living for their residents. These initiatives encompass diverse forms of support, including Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and farm subsidies. Regions with limited subsidy provisions may witness an increase in their overall cost of living.

Taxes: Areas with higher taxes, including sales taxes and income taxes, can contribute to a higher cost of living. Paying more tax for everyday goods and services like clothing and food will result in higher costs, as will paying a higher rate of income tax. The general sales tax rate in Bucyrus starts at 5.75% and the income tax rates start at 0%.

Where is the Data From?

The Bucyrus cost of living data you see above is sourced from the C2ER cost of living index, providing a practical and accurate means of comparing living expenses in urban areas. Updated quarterly, this index gathers data from over 300 independent researchers, covering more than 60 goods and services, in 6 different categories. These selections are made meticulously to represent a wide range of consumer expenditure categories. The weightings applied to cost differences are based on government survey data that tracks spending patterns among professional and executive households. It's important to note that while the C2ER index excludes data on sales or income tax rates, AreaVibes factors tax rates into the overall cost of living score for each region.

New Real Estate Listings in Bucyrus Area
Search Homes for Sale in Bucyrus, OH

Cost Of Living Quick Facts

  • The cost of living in Bucyrus is 6% lower than the Ohio average
  • The cost of living in Bucyrus is 14% lower than the national average
  • Bucyrus housing is 46% 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 Bucyrus

See all the best places to live around Bucyrus

Compare Bucyrus, OH Cost of Living

      vs
      How would you rate the cost of living in Bucyrus?
      Write a review to give others more information about this area.
      Is the cost of living increasing or decreasing in Bucyrus?
      Write a review to give others more information about this area.
      See all Bucyrus poll results

      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$54,153$4,513$1,263$1,625
      Renters$27,519$2,293$642$826
      The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in Bucyrus, OH, as well as what the overall cost of living might be. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payments and not more than 36 percent of income on all expenses and debts. In Bucyrus, homeowners have a median income of $54,153. Using that number, a maximum of $1,263 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $27,519, which means there is a maximum of $642 to be spent on the costs of renting a home or apartment.

      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 Bucyrus National avg. Difference
      Haircut $23.45$24.263.3%
      Beauty Salon $39.83$45.5612.6%
      Toothpaste $3.75$3.701.3%
      Shampoo $1.21$1.285.5%
      Movie $11.62$12.134.2%
      Bowling $11.78$18.0034.6%

      Groceries

      Item Bucyrus National avg. Difference
      Ground Beef $6.28$5.847.5%
      Fried Chicken $1.39$1.5711.4%
      Milk $4.55$4.672.5%
      Potatoes $4.83$4.932.1%
      Pizza $11.74$12.092.9%
      Beer $10.79$10.413.6%

      Health Care

      Item Bucyrus National avg. Difference
      Optometrist $82.43$125.6834.4%
      Doctor $123.67$135.788.9%
      Dentist $92.00$113.2918.8%
      Ibuprofen $10.24$10.653.9%
      Lipitor $421.83$468.6010.0%

      Housing

      Item Bucyrus National avg. Difference
      Home Price $87,800.00$184,700.0052.5%
      Avg. Mortgage Payment $1,797.82$2,346.6923.4%
      Apartment Rent $643.00$949.0032.2%

      Transportation

      Item Bucyrus National avg. Difference
      Gasoline $3.38$3.462.3%
      Tire Balancing $64.21$59.927.2%

      Utilities

      Item Bucyrus National avg. Difference
      All Electricity $180.12$193.997.2%
      Phone $184.90$192.253.8%
      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 Population Cost of Living Index National Avg.
      Sulphur Springs, OH1591000.4%
      Tiro, OH2198218.1%
      Nevada, OH8268415.8%
      Crestline, OH4,4088415.8%
      Galion, OH10,0038515.2%
      Bucyrus, OH11,8088613.6%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Martinsville, IN11,8078911.1%
      Robinson, TX11,806990.7%
      Dunkirk, NY11,8128119.0%
      Manchester, VA11,8141066.0%
      Alum Rock, CA11,79817877.8%
      Bucyrus, OH11,8088613.6%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.