Cost of Living in New Madison, OH

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15%
Overall NAT. AVG.
2%
Groceries NAT. AVG.
43%
Housing NAT. AVG.
Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index New Madison Ohio National
Cost of living8589100
Groceries9897100
Health care9796100
Housing5774100
Transportation9796100
Utilities9596100
Lifestyle & Entertainment9495100
Household Items9697100
Education & Childcare9993100
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Homes For Sale In New Madison, OH

property for sale

145 S Harrison St

New Madison, OH
property for sale

317 N Harrison St

New Madison, OH
property for sale

372 S Main St

New Madison, OH
property for sale

113 E Washington St

New Madison, OH

Cost Of Living Quick Facts

  • The cost of living in New Madison is 5% lower than the Ohio average
  • The cost of living in New Madison is 15% lower than the national average
  • New Madison housing is 43% lower than the national average
  • Ohio general sales tax is 13% higher than the national average
  • Ohio state income tax is 6% higher than the national average

Most Affordable Places to Live in and Around New Madison

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      Salary Calculator

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      Utilities index
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      Educare index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$84,289$7,024$1,967$2,529
      Renters$70,075$5,840$1,635$2,102

      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 2.76% 3.99%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Hollansburg, OH2827822.2%
      Whitewater, IN427920.5%
      Palestine, OH2618019.9%
      Lynn, IN1,3498118.7%
      New Paris, OH1,4498218.1%
      New Madison, OH1,1228515.3%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Macon, IL1,1228613.9%
      Somers, MT1,1221065.7%
      Botsford, NB1,122n/a 
      Groveland, ID1,1231077.2%
      Winona, MO1,1217921.2%
      New Madison, OH1,1228515.3%
      Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
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