Greenfield 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.
IndexGreenfieldOhioNational
Cost of living index8291100
IndexGreenfieldOhioNational
Goods & Services index100100100
Groceries index9998100
Health care index8796100
Housing index4873100
Transportation index93102100
Utilities index8891100
A general overview of the cost of living index for Greenfield, OH is displayed above. In Greenfield, OH, the overall cost of living index is 82, which is 10% lower than the Ohio average and 18% lower 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 Greenfield, OH, the city's goods and services are equal to the Ohio average and equal to the U.S. average.
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Did you know?

  • The cost of living in Greenfield is 10% lower than the Ohio average.
  • The cost of living in Greenfield is 18% lower than the national average.
  • The cost of housing in Greenfield is 52% lower than the national average.
  • Ohio general sales tax is 13% higher than the national average.
  • Ohio state income tax is 78% lower than the national average.

Compare Greenfield, OH Cost of living To Other Cities

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      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 allows you to compare how much your current salary in Greenfield, OH would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than Greenfield, OH, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Greenfield, OH salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

      Median Income & Debt-To-Income Ratio

      Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
      Owners$40,135$3,345$936$1,204
      Renters$20,455$1,705$477$614
      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 Greenfield, 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. Greenfield, OH has a median income of about $40,135 for people who own homes. Based on that number, a person should spend a maximum of $936 on expenses related to housing. Renters have a slightly different median income, which is $20,455. Based on this average, renters should spend no more than $477 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)
      Ohio0.5%5%
      One thing to keep in mind when considering the cost of living in Greenfield, OH is the Ohio sales tax and Ohio income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The Ohio sales tax rate is 5.75% and the maximum surtax that can be charged is 8%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The Ohio income tax rates range from 0.5% to 5%.

      Goods & Services

      ItemGreenfieldNational avg.Difference
      Haircut $15.86$17.499.3%
      Beauty Salon $35.00$38.178.3%
      Toothpaste $1.68$2.3227.6%
      Shampoo $0.87$1.0114.0%
      Movie $10.56$10.721.5%
      Bowling $16.60$13.8619.8%

      Groceries

      ItemGreenfieldNational avg.Difference
      Ground Beef $3.72$3.904.6%
      Fried Chicken $1.29$1.407.6%
      Milk $1.42$1.9627.6%
      Potatoes $2.93$3.187.9%
      Pizza $9.99$10.393.9%
      Beer $8.99$9.232.6%

      Health Care

      ItemGreenfieldNational avg.Difference
      Optometrist $61.30$106.3442.4%
      Doctor $103.23$115.2510.4%
      Dentist $83.26$98.3815.4%
      Ibuprofen $8.47$9.268.5%
      Lipitor $455.76$466.472.3%

      Housing

      ItemGreenfieldNational avg.Difference
      Home Price $74,900.00$184,700.0059.4%
      Avg. Mortgage Payment $915.03$1,273.3228.1%
      Apartment Rent $609.00$949.0035.8%

      Transportation

      ItemGreenfieldNational avg.Difference
      Gasoline $2.62$2.591.0%
      Tire Balancing $40.20$48.9017.8%

      Utilities

      ItemGreenfieldNational avg.Difference
      All Electricity$133.78$167.6020.2%
      Phone $177.00$163.428.3%
      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.
      Bourneville, OH26596-4%
      Cynthiana, OH096-4%
      Clarksburg, OH49779-21%
      Rocky Fork Point, OH66582-18%
      Highland, OH28682-18%
      Greenfield, OH4,79482-18%

      Cities with similar population

      City, StatePopulationCost of Living IndexNational Avg.
      Sheridan, AR4,79492-8%
      Evansdale, IA4,79482-18%
      Singac, NJ4,79312525%
      West Pittston, PA4,79395-5%
      Tonganoxie, KS4,79295-5%
      Greenfield, OH4,79482-18%
      Source: The Greenfield, OH cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.