A+
13%
Overall NAT. AVG.
3%
Goods & Services NAT. AVG.
44%
Housing NAT. AVG.
Search Homes for Sale
Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index Conneaut Ohio National
Cost of living8792100
Goods & Services97100100
Groceries97101100
Health care8998100
Housing5673100
Transportation114100100
Utilities10999100

An Overview of Cost of Living in Conneaut, OH

Are you thinking about relocating, but curious about the potential cost of living in Conneaut? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Conneaut stands at 87, making it 13% lower than the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.

Conneaut housing costs are 44% less than the national average, making this area an affordable place to live. Your net income can be heavily impacted by housing expenses, at times exceeding 30%. Fortunately, this area demonstrates that both homeownership and renting costs are significantly more budget-friendly than in the rest of the country. With such favorable housing affordability, Conneaut residents can earmark a more manageable portion of their income to housing.

Is Conneaut Affordable?

Wondering if Conneaut 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 Conneaut, for example, the median home price is 48.6% lower than what folks pay nationally, and monthly rent is 33.4% lower than the usual rates. Plus, income levels matter too, with Conneaut boasting a median household income of $47,685, which is 13.8% lower than the national average.

What Factors can Influence the Cost of Living in Conneaut?

Taxes: Areas with higher taxes, including sales taxes and income taxes, can contribute to a higher cost of living. Paying more tax for everyday goods and services like clothing and food will result in higher costs, as will paying a higher rate of income tax. The general sales tax rate in Conneaut starts at 5.75% and the income tax rates start at 0%.

Housing: Elevated demand for housing within coveted locales has the propensity to escalate both property values and rental rates, thereby serving as a primary catalyst for an augmented cost of living. Conversely, areas witnessing diminished housing demand, particularly within less desirable environs, often experience an inversely proportional effect, leading to price reductions and subsequently contributing to a more modest cost of living. In Conneaut, the housing index is 44% 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.

Where is the Data From?

The Conneaut cost of living data displayed above is derived from the C2ER cost of living index to provide a useful and reasonably accurate measure of living cost differences in urban areas. The index takes into account data from 300 independent researches, covering more than 60 goods and services across 6 different categories, to create an overall index for each area, with 100 being the average. The C2ER index does not include sales or income tax rates in their data, however AreaVibes does include both income and sales tax rates in the overall cost of living score for each area.

New Real Estate Listings in Conneaut Area
Search Homes for Sale in Conneaut, OH

Cost Of Living Quick Facts

  • The cost of living in Conneaut is 5% lower than the Ohio average
  • The cost of living in Conneaut is 13% lower than the national average
  • Conneaut housing is 44% 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 Conneaut

See all the best places to live around Conneaut

Compare Conneaut, OH Cost of Living

      vs
      How would you rate the cost of living in Conneaut?
      Write a review to give others more information about this area.
      Is the cost of living increasing or decreasing in Conneaut?
      Write a review to give others more information about this area.
      See all Conneaut poll results

      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$60,736$5,061$1,417$1,822
      Renters$25,108$2,092$586$753
      A good indicator of the general affordability of housing in Conneaut, OH, is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Conneaut, the median monthly income is $60,736 for those who own their own homes. Under the standard rule, that income level would allow for $1,417 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $25,108, per the median income in the area. That would allow for renters to spend up to $586 on monthly rental expenses.

      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%

      Goods & Services

      Item Conneaut National avg. Difference
      Haircut $20.02$24.2617.5%
      Beauty Salon $45.08$45.561.1%
      Toothpaste $3.63$3.701.9%
      Shampoo $1.42$1.2810.7%
      Movie $10.18$12.1316.1%
      Bowling $12.76$18.0029.1%

      Groceries

      Item Conneaut National avg. Difference
      Ground Beef $5.35$5.848.4%
      Fried Chicken $1.33$1.5715.2%
      Milk $4.52$4.673.2%
      Potatoes $5.46$4.9310.7%
      Pizza $9.45$12.0921.9%
      Beer $8.99$10.4113.7%

      Health Care

      Item Conneaut National avg. Difference
      Optometrist $99.22$125.6821.1%
      Doctor $124.54$135.788.3%
      Dentist $103.83$113.298.3%
      Ibuprofen $10.32$10.653.1%
      Lipitor $368.67$468.6021.3%

      Housing

      Item Conneaut National avg. Difference
      Home Price $95,000.00$184,700.0048.6%
      Avg. Mortgage Payment $1,318.94$2,346.6943.8%
      Apartment Rent $632.00$949.0033.4%

      Transportation

      Item Conneaut National avg. Difference
      Gasoline $3.68$3.466.4%
      Tire Balancing $79.53$59.9232.7%

      Utilities

      Item Conneaut National avg. Difference
      All Electricity $218.99$193.9912.9%
      Phone $196.00$192.252.0%
      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.

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Ashtabula, OH18,0678515.0%
      Springboro, PA3098514.5%
      Edgewood, OH4,3828713.5%
      Cranesville, PA7998812.5%
      Albion, PA1,3428812.3%
      Conneaut, OH12,5248712.8%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Kincardine, ON12,522n/a 
      Riverdale, IL12,530928.0%
      Washington, IN12,5148613.7%
      Borger, TX12,5348218.3%
      St. Andrews, MB12,535n/a 
      Conneaut, OH12,5248712.8%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.