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Cincinnati, OH Cost of Living

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12%
Overall NAT. AVG.
1%
Goods & Services NAT. AVG.
33%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2022 and was released from C2ER in January, 2022; 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 Cincinnati Ohio National
Cost of living8891100
Goods & Services9999100
Groceries9699100
Health care9897100
Housing6773100
Transportation10398100
Utilities8892100

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Key findings

  • The cost of living in Cincinnati is 3% lower than the Ohio average
  • The cost of living in Cincinnati is 12% lower than the national average
  • Cincinnati housing is 33% lower than the national average
  • Ohio general sales tax is 13% higher than the national average
  • Ohio state income tax is 16% higher than the national average

Most Affordable Places to Live in and Around Cincinnati

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Compare Cincinnati, OH Cost of Living

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      The best places in Ohio

      Here are the best places to live in OhioSee the best places to live in & around CincinnatiThese are the 10 most affordable cities in OhioTop 10 best public schools in Cincinnati

      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$65,474$5,456$1,528$1,964
      Renters$22,644$1,887$528$679
      To approximate the cost of living and the housing affordability in Cincinnati, 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 Cincinnati have a median income of $65,474. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,528 per month to avoid calamity and poverty. The renters in the city have an income of about $22,644, which would make their monthly maximum allowable rental costs $528.

      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 2.85% 4.797%

      Goods & Services

      Item Cincinnati National avg. Difference
      Haircut $21.92$20.278.1%
      Beauty Salon $40.87$40.391.2%
      Toothpaste $1.97$2.3616.5%
      Shampoo $0.91$1.0815.1%
      Movie $13.19$10.9920.0%
      Bowling $12.60$15.4918.7%

      Groceries

      Item Cincinnati National avg. Difference
      Ground Beef $4.23$4.301.6%
      Fried Chicken $1.54$1.4010.3%
      Milk $1.60$2.2027.4%
      Potatoes $3.11$3.223.4%
      Pizza $10.50$10.742.2%
      Beer $8.88$9.607.5%

      Health Care

      Item Cincinnati National avg. Difference
      Optometrist $101.13$109.737.8%
      Doctor $112.13$118.345.2%
      Dentist $101.55$100.940.6%
      Ibuprofen $9.14$9.938.0%
      Lipitor $484.40$469.533.2%

      Housing

      Item Cincinnati National avg. Difference
      Home Price $120,300.00$184,700.0034.9%
      Avg. Mortgage Payment $1,029.14$1,229.6216.3%
      Apartment Rent $662.00$949.0030.2%

      Transportation

      Item Cincinnati National avg. Difference
      Gasoline $2.70$2.710.3%
      Tire Balancing $56.53$51.869.0%

      Utilities

      Item Cincinnati National avg. Difference
      All Electricity $136.41$170.8420.2%
      Phone $183.28$187.182.1%
      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.
      Brecon, OH309972.6%
      Plainville, OH26972.6%
      Shawnee village, OH5418020.2%
      Dillonvale village, OH6458019.6%
      Elmwood Place, OH1,8318119.4%
      Cincinnati, OH298,0118811.9%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      St. Paul, MN297,1601022.3%
      Anchorage, AK299,32113029.6%
      Stockton, CA301,4431099.1%
      Gatineau, QC293,695n/a 
      Pittsburgh, PA305,305937.2%
      Cincinnati, OH298,0118811.9%
      Date & Last Updated: This data reflects 2022 and was released from C2ER in January, 2022; this is the most current data available.
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