Lincoln Village 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.
IndexLincoln VillageOhioNational
Cost of living index8591100
IndexLincoln VillageOhioNational
Goods & Services index100100100
Groceries index9998100
Health care index8796100
Housing index5973100
Transportation index93102100
Utilities index8891100
A general summary of the cost of living index in Lincoln Village, OH is shown above. Compared to the state average of Ohio the cost of living index in Lincoln Village, OH is 85, which is 7% lower than the average in Ohio and compared to the national average it is 15% lower than. The cost of living index is made up of several categories. These are transportation at 9%, utilities at 10%, goods and services at 33%, housing at 30%, groceries at 13%, and health care at 5%. The bulk of the cost of living index comes from the categories of goods and services and housing. If you look at everyday goods and services they can be a good indicator in a certain city of the general costs of goods there. In Lincoln Village, OH goods and services come in at equal to the average in Ohio and are equal to compared to the nationwide average.
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Did you know?

  • The cost of living in Lincoln Village is 7% lower than the Ohio average.
  • The cost of living in Lincoln Village is 15% lower than the national average.
  • The cost of housing in Lincoln Village is 41% lower than the national average.
  • Ohio general sales tax is 13% higher than the national average.
  • Ohio state income tax is 28% higher than the national average.

Compare Lincoln Village, 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 is meant to help you compare your salary in Lincoln Village, OH to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Lincoln Village, OH, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Lincoln Village, OH salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

      Median Income & Debt-To-Income Ratio

      Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
      Owners$51,272$4,273$1,196$1,538
      Renters$26,937$2,245$628$808
      The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Lincoln Village, 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 Lincoln Village, OH homeowners, is $51,272. This would allow for a maximum of $1,196 per month to be spent on housing costs. For renters, the median monthly income is $26,937 which would result in a maximum of $628 to be spent on rental costs.

      Ohio Sales Tax

      StateGeneral Sales TaxWith Max Surtax
      Ohio5.75%8%

      Ohio Income Tax

      StateIncome Tax (Low)Income Tax (High)
      Ohio2.85%4.797%
      When considering the overall cost of living expenses in Lincoln Village, OH, it's important to take into account the sales tax for Ohio, as well as the rate for income tax in Ohio. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for Ohio is 8%, and the sales tax in the state of Ohio is 5.75%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in Ohio starts from 2.85% and goes up to 4.797%.

      Goods & Services

      ItemLincoln VillageNational 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

      ItemLincoln VillageNational 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

      ItemLincoln VillageNational 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

      ItemLincoln VillageNational avg.Difference
      Home Price $90,800.00$184,700.0050.8%
      Avg. Mortgage Payment $915.03$1,273.3228.1%
      Apartment Rent $766.00$949.0019.3%

      Transportation

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

      Utilities

      ItemLincoln VillageNational 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.
      Urbancrest, OH89481-19%
      Derby, OH36384-16%
      Whitehall, OH18,59684-16%
      Unionville Center, OH36185-15%
      Darbydale, OH67486-14%
      Lincoln Village, OH9,88285-15%

      Cities with similar population

      City, StatePopulationCost of Living IndexNational Avg.
      Richmond Heights, FL9,8811044%
      Warrenton, VA9,88011717%
      Northampton, PA9,88799-1%
      Park Forest Village, PA9,87511010%
      Cottage Grove, OR9,8891077%
      Lincoln Village, OH9,88285-15%
      Source: The Lincoln Village, OH cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.