Cost Of Living in Coldwater, OH

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A+

2%

Overall NAT. AVG.

5%

Goods & Services NAT. AVG.

22%

Housing NAT. AVG.

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	Coldwater	Ohio	National
Cost of living	98	92	100
Goods & Services	105	100	100
Groceries	102	101	100
Health care	112	98	100
Housing	78	73	100
Transportation	117	100	100
Utilities	101	99	100

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Cost Of Living Quick Facts

The cost of living in Coldwater is 6% higher than the Ohio average
The cost of living in Coldwater is 2% lower than the national average
Coldwater housing is 22% 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

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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	$72,589	$6,049	$1,694	$2,178
Renters	$40,063	$3,339	$935	$1,202

The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Coldwater, 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 Coldwater homeowners, is $72,589. This would allow for a maximum of $1,694 per month to be spent on housing costs. For renters, the median monthly income is $40,063 which would result in a maximum of $935 to be spent on rental costs.

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	Coldwater	National avg.	Difference
Haircut	$30.92	$24.26	27.4%
Beauty Salon	$47.35	$45.56	3.9%
Toothpaste	$3.76	$3.70	1.4%
Shampoo	$1.38	$1.28	7.6%
Movie	$13.39	$12.13	10.4%
Bowling	$16.98	$18.00	5.7%

Groceries

Item	Coldwater	National avg.	Difference
Ground Beef	$4.95	$5.84	15.2%
Fried Chicken	$1.73	$1.57	9.7%
Milk	$4.62	$4.67	1.0%
Potatoes	$5.06	$4.93	2.5%
Pizza	$12.96	$12.09	7.2%
Beer	$10.31	$10.41	1.0%

Health Care

Item	Coldwater	National avg.	Difference
Optometrist	$98.91	$125.68	21.3%
Doctor	$195.55	$135.78	44.0%
Dentist	$109.86	$113.29	3.0%
Ibuprofen	$10.77	$10.65	1.1%
Lipitor	$511.43	$468.60	9.1%

Housing

Item	Coldwater	National avg.	Difference
Home Price	$157,700.00	$184,700.00	14.6%
Avg. Mortgage Payment	$2,211.29	$2,346.69	5.8%
Apartment Rent	$590.00	$949.00	37.8%

Transportation

Item	Coldwater	National avg.	Difference
Gasoline	$3.48	$3.46	0.4%
Tire Balancing	$93.87	$59.92	56.7%

Utilities

Item	Coldwater	National avg.	Difference
All Electricity	$200.81	$193.99	3.5%
Phone	$185.74	$192.25	3.4%

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.
New Weston, OH	67	76	23.5%
Salamonia, IN	147	82	17.6%
Rossburg, OH	269	78	21.8%
Mendon, OH	643	90	9.7%
Rockford, OH	883	91	8.6%
Coldwater, OH	3,976	98	2.3%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Holiday City South, NJ	3,976	111	11.5%
Fairway, KS	3,975	128	27.6%
Waynesburg, PA	3,975	86	14.1%
Marshall, WI	3,975	105	4.6%
Kimberly, ID	3,977	94	5.5%
Coldwater, OH	3,976	98	2.3%