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.
Here we can see a simple outline of the cost of living in Mason, OH. As you can see, with the average cost of living in Mason, OH being 105, that puts it 16% higher than the average of Ohio and 5% higher than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of Mason, OH, the price of goods and services are 3% higher than the average of Ohio as well as 2% higher than the nation's average.
Find Real Estate Listings In Mason
New Real Estate Listings In Mason
Did you know?
The cost of living in Mason is 16% higher than the Ohio average.
The cost of living in Mason is 5% higher than the national average.
The cost of housing in Mason is 21% higher 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.
This is how much you would need to earn in Price difference in compared to
Cost of living index
Goods & Services index
Health care index
Use the salary calculator to compare your current salary in Mason, OH to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Mason, OH, then you would need to earn more income in order to maintain the same standard of living. To use the Mason, OH salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.
Median Income & Debt-To-Income Ratio
Max Budget (28% DTI)
Max Budget (36% DTI)
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 Mason, 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. Mason, OH has a median income of about $106,795 for people who own homes. Based on that number, a person should spend a maximum of $2,492 on expenses related to housing. Renters have a slightly different median income, which is $42,454. Based on this average, renters should spend no more than $991 on all of their rental costs if they want to maintain a non-impoverished standard of living.
Ohio Sales Tax
General Sales Tax
With Max Surtax
Ohio Income Tax
Income Tax (Low)
Income Tax (High)
For those who live in Mason, OH and want to know what the true cost of living is, they ought to look at both the Ohio income tax rate and the Ohio sales tax rate. By sales tax, we mean the taxes that are included whenever a person is purchasing any goods or services. The amount that is taxed depends upon the particular state, where some states have a sales tax of zero percent while others can have a tax higher than seven percent. In Ohio, the sales tax is 5.75%, while the most you'll pay in surtax is 8%. There is also income tax to consider, which is based upon the amount of money made in a year. Just like sales tax, income tax depends upon the particular state but also depends upon what tax bracket the person is in. Income tax for the state can be higher than nine percent in some states to zero percent in others. For those that live in Ohio, the income tax rate ranges between 0.5% to 5%.
Goods & Services
Avg. Mortgage Payment
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.