Medina, OH Cost Of Living

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Medina 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.
Index	Medina	Ohio	National
Cost of living index	94	91	100
Index	Medina	Ohio	National
Goods & Services index	99	100	100
Groceries index	103	98	100
Health care index	98	96	100
Housing index	86	73	100
Transportation index	93	102	100
Utilities index	94	91	100

A general summary of the cost of living index in Medina, OH is shown above. Compared to the state average of Ohio the cost of living index in Medina, OH is 94, which is 4% higher than the average in Ohio and compared to the national average it is 6% 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 Medina, OH goods and services come in at 1% lower than the average in Ohio and are 1% lower than compared to the nationwide average.

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Did you know?

The cost of living in Medina is 4% higher than the Ohio average.
The cost of living in Medina is 6% lower than the national average.
The cost of housing in Medina is 14% 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.

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Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Use the salary calculator to compare your current income in Medina, OH to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Medina, OH, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Medina, OH salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$82,097	$6,841	$1,915	$2,463
Renters	$31,838	$2,653	$743	$955

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 Medina, 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. Medina, OH has a median income of about $82,097 for people who own homes. Based on that number, a person should spend a maximum of $1,915 on expenses related to housing. Renters have a slightly different median income, which is $31,838. Based on this average, renters should spend no more than $743 on all of their rental costs if they want to maintain a non-impoverished standard of living.

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	2.85%	4.797%

When assessing the complete cost of living in Medina, OH, the Ohio income tax and the Ohio sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The Ohio maximum surtax is 8%, and the Ohio sales tax is 5.75%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 2.85% to 4.797% in Ohio.

Goods & Services

Item	Medina	National avg.	Difference
Haircut	$15.00	$17.49	14.2%
Beauty Salon	$34.00	$38.17	10.9%
Toothpaste	$2.99	$2.32	28.8%
Shampoo	$1.00	$1.01	1.2%
Movie	$10.40	$10.72	3.0%
Bowling	$12.00	$13.86	13.4%

Groceries

Item	Medina	National avg.	Difference
Ground Beef	$5.08	$3.90	30.3%
Fried Chicken	$1.39	$1.40	0.4%
Milk	$1.89	$1.96	3.7%
Potatoes	$3.13	$3.18	1.7%
Pizza	$9.99	$10.39	3.9%
Beer	$9.59	$9.23	3.9%

Health Care

Item	Medina	National avg.	Difference
Optometrist	$103.60	$106.34	2.6%
Doctor	$150.84	$115.25	30.9%
Dentist	$91.40	$98.38	7.1%
Ibuprofen	$7.99	$9.26	13.7%
Lipitor	$339.53	$466.47	27.2%

Housing

Item	Medina	National avg.	Difference
Home Price	$160,700.00	$184,700.00	13.0%
Avg. Mortgage Payment	$1,141.80	$1,273.32	10.3%
Apartment Rent	$800.00	$949.00	15.7%

Transportation

Item	Medina	National avg.	Difference
Gasoline	$2.53	$2.59	2.6%
Tire Balancing	$42.98	$48.90	12.1%

Utilities

Item	Medina	National avg.	Difference
All Electricity	$153.04	$167.60	8.7%
Phone	$175.88	$163.42	7.6%

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.

City, State	Population	Cost of Living Index	National Avg.
Lodi, OH	2,789	80	-20%
Congress, OH	78	81	-19%
Barberton, OH	26,266	85	-15%
West Salem, OH	1,647	81	-19%
Burbank, OH	212	81	-19%
Medina, OH	26,445	94	-6%

City, State	Population	Cost of Living Index	National Avg.
Fremont, NE	26,450	86	-14%
Holbrook, NY	26,435	143	43%
Kankakee, IL	26,424	88	-12%
Lemon Grove, CA	26,421	131	31%
Batavia, IL	26,413	113	13%
Medina, OH	26,445	94	-6%

Medina, OH Cost of Living