| Index | Tallmadge | Ohio | National |
| Cost of living | 95 | 89 | 100 |
| Groceries | 100 | 97 | 100 |
| Health care | 96 | 96 | 100 |
| Housing | 93 | 74 | 100 |
| Transportation | 94 | 96 | 100 |
| Utilities | 95 | 96 | 100 |
| Lifestyle & Entertainment | 94 | 95 | 100 |
| Household Items | 99 | 97 | 100 |
| Education & Childcare | 97 | 93 | 100 |
Knowing the cost of living in Tallmadge allows individuals to create a realistic budget. This helps them understand how their income will cover expenses and whether they need to make financial adjustments. The cost of living in any region can fluctuate due to various factors. To assess the cost of living consistently across different areas, a national average of 100 serves as the basis for the cost of living index. The cost of living in Tallmadge stands at 95, marking it 5% lower than the national average.
Everyday expenditures like food, housing, lifestyle expenses, transportation and health care in Tallmadge are priced in a manner consistent with other areas. This means that residents of Tallmadge can anticipate their daily expenses remaining reasonably similar to those in an average city, thereby supporting a manageable cost of living.
Wondering if Tallmadge is affordable? It's a question that often comes up when you're thinking about a new city since affordability can really shape your decisions. The cost of living index (covered earlier), housing expenses and income levels all play a part in the affordability equation. In Tallmadge, for example, the median home price is 3.9% lower than what folks pay nationally, and monthly rent is 14.2% lower than the usual rates. Plus, income levels matter too, with Tallmadge boasting a median household income of $110,698, which is 36.1% higher than the national average.
Transportation: When public transportation options are limited or non-existent, residents frequently resort to vehicle ownership, which can significantly contribute to the overall cost of living. Monthly financial obligations encompass fuel, insurance, regular maintenance and potentially lease or financing expenses. In Tallmadge, the transportation index is 6.4% lower than the national average.
Groceries: Grocery costs have continued to increase significantly over the last 2-3 years. In some markets the cost of food has gone up by more than 20% in that period. While other markets have managed to see only a moderate uptick. These food costs can have a major impact on the cost of living in any area. In Tallmadge, the groceries index is 0.4% lower than the national average.
Subsidies: Some areas might offer government subsidies or assistance programs that help lower cost of living for residents. These programs can include anything from Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and crop subsidies. Areas that offer less subsidies, could see an increase in their cost of living.
The Tallmadge cost of living estimates above use a normalized U.S. average of 100 as the baseline for comparison. Housing values incorporate local home price and rental information from the U.S. Census, while all other estimates are AI-assisted and modeled using expected everyday expenses, local market trends, climate, and transportation-related cost pressures. The results are intended for practical 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 | $123,093 | $10,258 | $2,872 | $3,693 |
| Renters | $45,978 | $3,832 | $1,073 | $1,379 |
| 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. |
| Sawyerwood, OH | 1,645 | 79 | 21.4% |
| Limaville, OH | 218 | 84 | 16.2% |
| Akron, OH | 203,042 | 83 | 17.0% |
| Barberton, OH | 26,844 | 83 | 16.7% |
| Ravenna, OH | 11,685 | 86 | 13.8% |
| Tallmadge, OH | 18,313 | 95 | 4.6% |
| City | Population | Cost of Living Index | National Avg. |
| White Settlement, TX | 18,316 | 95 | 5.0% |
| Fayetteville, GA | 18,321 | 109 | 9.2% |
| Franklin Park, IL | 18,323 | 104 | 3.7% |
| Palestine, TX | 18,296 | 90 | 9.9% |
| Dumont, NJ | 18,293 | 133 | 33.4% |
| Tallmadge, OH | 18,313 | 95 | 4.6% |
Here are the best places to live in Ohio
Safest Cities In The US
These are the largest cities in Ohio
Most Dangerous Cities In The US