A+
13%
Overall NAT. AVG.
5%
Goods & Services NAT. AVG.
43%
Housing NAT. AVG.
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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 Fremont Ohio National
Cost of living8792100
Goods & Services105100100
Groceries99101100
Health care8698100
Housing5773100
Transportation100100100
Utilities9499100

An Overview of Cost of Living in Fremont, OH

Are you thinking about relocating, but curious about the potential cost of living in Fremont? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Fremont 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.

Fremont housing costs are 43.3% 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, Fremont residents can earmark a more manageable portion of their income to housing.

Is Fremont Affordable?

Is Fremont an affordable place to live? It's a good question and one that you might want to ask when considering any new city, as affordability can play a huge role in the decision making process. The cost of living index (which we covered above), as well as housing costs and income levels play a vital role in determining the affordability of an area. The median home price in Fremont is 50.7% lower than the national average, while the average monthly rent prices are 26% lower than average. The affordability of any location can also be influenced by median income levels. Fremont has a median household income of $42,850, which is 22.5% lower than the national average.

What Factors can Influence the Cost of Living in Fremont?

Taxes: Cities that impose higher taxes, including sales and income taxes, can contribute to an escalated cost of living. The added expense of taxes on everyday goods like clothing and food naturally results in higher overall costs. Similarly, a higher income tax rate can further elevate the cost of living. In Fremont, the general sales tax rate starts at 5.75%, and income tax rates begin at 0%.

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.

Housing: When there's a high demand for housing in trendy places, it can cause property prices and rental rates to soar, leading to a significantly higher cost of living. Conversely, in less desirable locations, where demand is low, prices tend to decrease, resulting in a more budget-friendly cost of living. In Fremont, the housing index is 43.3% lower than the national average.

Where is the Data From?

The cost of living in Fremont, presented above is derived from the C2ER cost of living index, offering a practical method for assessing living cost disparities in urban areas. Published quarterly, this index compiles data from more than 300 independent researchers, encompassing over 60 goods and services in 6 categories. The weightings assigned to cost variances are informed by government survey data tracking the expenditure patterns of professional and executive households. It should be noted that the C2ER index does not include data on sales or income tax rates, however, AreaVibes incorporates tax rates into the overall cost of living score for each area.

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Cost Of Living Quick Facts

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

See all the best places to live around Fremont

Compare Fremont, OH Cost of Living

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      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$55,159$4,597$1,287$1,655
      Renters$30,411$2,534$710$912
      To approximate the cost of living and the housing affordability in Fremont, OH, we can look at the percentage of income that is available to be spent on monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side, a consumer should not spend more than 28% of his or her gross income on housing-related expenses and costs and not more than 36% of income on all expenses and debts. Homeowners in Fremont have a median income of $55,159. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,287 per month to avoid calamity and poverty. The renters in the city have an income of about $30,411, which would make their monthly maximum allowable rental costs $710.

      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 Fremont National avg. Difference
      Haircut $23.45$24.263.3%
      Beauty Salon $39.83$45.5612.6%
      Toothpaste $3.75$3.701.3%
      Shampoo $1.21$1.285.5%
      Movie $11.62$12.134.2%
      Bowling $11.78$18.0034.6%

      Groceries

      Item Fremont National avg. Difference
      Ground Beef $6.28$5.847.5%
      Fried Chicken $1.39$1.5711.4%
      Milk $4.55$4.672.5%
      Potatoes $4.83$4.932.1%
      Pizza $11.74$12.092.9%
      Beer $10.79$10.413.6%

      Health Care

      Item Fremont National avg. Difference
      Optometrist $82.43$125.6834.4%
      Doctor $123.67$135.788.9%
      Dentist $92.00$113.2918.8%
      Ibuprofen $10.24$10.653.9%
      Lipitor $421.83$468.6010.0%

      Housing

      Item Fremont National avg. Difference
      Home Price $91,100.00$184,700.0050.7%
      Avg. Mortgage Payment $1,797.82$2,346.6923.4%
      Apartment Rent $702.00$949.0026.0%

      Transportation

      Item Fremont National avg. Difference
      Gasoline $3.38$3.462.3%
      Tire Balancing $64.21$59.927.2%

      Utilities

      Item Fremont National avg. Difference
      All Electricity $180.12$193.997.2%
      Phone $184.90$192.253.8%
      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.
      Wightmans Grove, OH401000.4%
      Hessville, OH841000.4%
      Fort Seneca, OH1021000.4%
      Vickery, OH1141000.4%
      Kansas, OH521000.4%
      Fremont, OH16,0058712.7%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Buford, GA16,0031066.5%
      Opa-locka, FL16,0081010.7%
      White Center, WA15,99514444.1%
      Fort Mohave, AZ16,016928.3%
      Rossville, MD15,99311211.7%
      Fremont, OH16,0058712.7%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.