| Index | Mansfield | Ohio | National |
| Cost of living | 83 | 89 | 100 |
| Groceries | 97 | 97 | 100 |
| Health care | 98 | 96 | 100 |
| Housing | 51 | 74 | 100 |
| Transportation | 94 | 96 | 100 |
| Utilities | 95 | 96 | 100 |
| Lifestyle & Entertainment | 95 | 95 | 100 |
| Household Items | 97 | 97 | 100 |
| Education & Childcare | 95 | 93 | 100 |

The cost of living in Mansfield affects the quality of life one can afford in this new location. It allows people to assess whether they can maintain their preferred lifestyle, including housing, leisure activities and dining options. Your total monthly expenditures can varry depending on the area, as well as many other factors. The cost of living in Mansfield is 83, which is 17% lower than the national average. Knowledge of the cost of living can help individuals make informed decisions about retirement savings, investments, and financial goals.
Housing expenses can absorb a substantial portion of your net income, sometimes exceeding 30%. Thankfully, Mansfield stands out by reporting housing costs that are 48.7% lower than the national average. This signifies that both homeownership and rental expenses in this region are considerably more budget-friendly compared to the rest of the country. With such favorable housing affordability, residents of Mansfield can allocate a more reasonable portion of their income to housing, allowing for greater financial flexibility.
Is Mansfield affordable? It's a key consideration when pondering a move, as affordability often shapes your choices. The cost of living index (we discussed it earlier), coupled with housing costs and income levels, serves as the cornerstone for determining a location's affordability. Take Mansfield, for instance, where the median home price falls 55.2% lower than the national average, and monthly rent rates are 33.8% lower than usual. Additionally, median income levels contribute to the equation, with Mansfield flaunting a median household income of $53,942, 33.7% lower than the national norm.
Housing: A sought-after location with high housing demand often leads to increased property values and rental rates, which can significantly inflate the overall cost of living. Conversely, areas with low housing demand, particularly in less desirable locales, tend to experience the opposite effect, causing prices to drop and contributing to a more affordable cost of living. In Mansfield, the housing index stands at 48.7% lower than the national average.
Utilities: Much like any other costs, utility expenses can exhibit considerable variations, influenced by factors such as climate, available energy sources, geographic location and state regulations. The costs associated with electricity, water, heating, and waste disposal can vary significantly depending on the city or state in question. In Mansfield, the utilities index stands at 4.8% lower than the national average.
Urbanization: Larger, urban areas boasting abundant amenities and robust employment prospects often exhibit a heightened cost of living, driven by the increased demand for services and residential relocation. Consequently, this leads to elevated home prices and higher rental rates. In contrast, sparsely populated rural locales or regions marked by diminished demand typically offer a more limited range of amenities and experience slower job market expansion. This translates into a more affordable cost of living.
The Mansfield cost of living data displayed above uses a U.S. average baseline of 100 to provide a practical way to compare living expenses across cities. Housing estimates incorporate U.S. Census home price and rental data, while all other values are generated using AI-assisted models based on everyday expense expectations, regional pricing trends, climate, transportation patterns, and local economic conditions. These values are designed for directional city-to-city comparisons.
| Cost of living index | |
| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $71,643 | $5,970 | $1,672 | $2,150 |
| Renters | $37,651 | $3,138 | $878 | $1,130 |
| State | General Sales Tax | With Max Surtax |
| Ohio | 5.75% | 8% |
| State | Income Tax (Low) | Income Tax (High) |
| Ohio | 2.76% | 3.99% |
| City | Population | Cost of Living Index | National Avg. |
| Tiro, OH | 226 | 79 | 21.3% |
| Crestline, OH | 4,529 | 81 | 19.0% |
| Galion, OH | 10,231 | 82 | 18.0% |
| Savannah, OH | 331 | 83 | 17.4% |
| Perrysville, OH | 748 | 83 | 16.6% |
| Mansfield, OH | 48,058 | 83 | 17.5% |
| City | Population | Cost of Living Index | National Avg. |
| Potomac, MD | 48,015 | 198 | 98.1% |
| Victoriaville, QC | 48,167 | n/a | |
| Alexandria, LA | 48,170 | 93 | 6.8% |
| Titusville, FL | 47,899 | 101 | 1.1% |
| Euclid, OH | 48,275 | 85 | 15.0% |
| Mansfield, OH | 48,058 | 83 | 17.5% |