A+
16%
Overall NAT. AVG.
5%
Goods & Services NAT. AVG.
45%
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 Ironton Ohio National
Cost of living8492100
Goods & Services95100100
Groceries100101100
Health care10198100
Housing5573100
Transportation94100100
Utilities9899100

An Overview of Cost of Living in Ironton, OH

The cost of living in Ironton affects the quality of life one can afford in this new location. It allows people to assess whether they can maintain their preferred lifestyle, including housing, leisure activities and dining options. Your total monthly expenditures can varry depending on the area, as well as many other factors. The cost of living in Ironton is 84, which is 16% lower than the national average. Knowledge of the cost of living can help individuals make informed decisions about retirement savings, investments, and financial goals.

Housing expenses can absorb a substantial portion of your net income, sometimes exceeding 30%. Thankfully, Ironton stands out by reporting housing costs that are 45% lower than the national average. This signifies that both homeownership and rental expenses in this region are considerably more budget-friendly compared to the rest of the country. With such favorable housing affordability, residents of Ironton can allocate a more reasonable portion of their income to housing, allowing for greater financial flexibility.

Is Ironton Affordable?

Is Ironton affordable? It's a key consideration when pondering a move, as affordability often shapes your choices. The cost of living index (we discussed it earlier), coupled with housing costs and income levels, serves as the cornerstone for determining a location's affordability. Take Ironton, for instance, where the median home price falls 50.4% lower than the national average, and monthly rent rates are 32.5% lower than usual. Additionally, median income levels contribute to the equation, with Ironton flaunting a median household income of $35,915, 35.1% lower than the national norm.

What Factors can Influence the Cost of Living in Ironton?

Groceries: Grocery expenditures have undergone notable escalation over the last 2-3 years. In some markets, the cost of food products has surged by more than 20%, while others have experienced only modest increments. These fluctuations in food costs can have a significant impact on the overall cost of living in any region. In Ironton, the groceries index registers 0.3% higher 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.

Urbanization: Larger, urban areas boasting abundant amenities and robust employment prospects often exhibit a heightened cost of living, driven by the increased demand for services and residential relocation. Consequently, this leads to elevated home prices and higher rental rates. In contrast, sparsely populated rural locales or regions marked by diminished demand typically offer a more limited range of amenities and experience slower job market expansion. This translates into a more affordable cost of living.

Where is the Data From?

The Ironton cost of living data you see above is sourced from the C2ER cost of living index, providing a practical and accurate means of comparing living expenses in urban areas. Updated quarterly, this index gathers data from over 300 independent researchers, covering more than 60 goods and services, in 6 different categories. These selections are made meticulously to represent a wide range of consumer expenditure categories. The weightings applied to cost differences are based on government survey data that tracks spending patterns among professional and executive households. It's important to note that while the C2ER index excludes data on sales or income tax rates, AreaVibes factors tax rates into the overall cost of living score for each region.

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Cost Of Living Quick Facts

  • The cost of living in Ironton is 9% lower than the Ohio average
  • The cost of living in Ironton is 16% lower than the national average
  • Ironton housing is 45% 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 Ironton

See all the best places to live around Ironton

Compare Ironton, 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$44,291$3,691$1,033$1,329
      Renters$25,168$2,097$587$755
      The affordability of the housing market in Ironton, OH as well as the overall cost of living can be predicted by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should be spent on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Ironton homeowners, the median income is $44,291. This indicates that a monthly maximum of $1,033 should be spent by homeowners on all housing related costs. Renters have a median income of $25,168. This indicates that renters would have a maximum of $587 for their rent related monthly costs.

      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 Ironton National avg. Difference
      Haircut $18.78$24.2622.6%
      Beauty Salon $46.22$45.561.4%
      Toothpaste $3.56$3.703.8%
      Shampoo $1.18$1.288.1%
      Movie $12.41$12.132.3%
      Bowling $13.67$18.0024.1%

      Groceries

      Item Ironton National avg. Difference
      Ground Beef $5.57$5.844.5%
      Fried Chicken $1.35$1.5714.0%
      Milk $4.83$4.673.4%
      Potatoes $5.16$4.934.6%
      Pizza $11.31$12.096.4%
      Beer $10.19$10.412.1%

      Health Care

      Item Ironton National avg. Difference
      Optometrist $172.33$125.6837.1%
      Doctor $158.83$135.7817.0%
      Dentist $107.83$113.294.8%
      Ibuprofen $10.49$10.651.5%
      Lipitor $355.05$468.6024.2%

      Housing

      Item Ironton National avg. Difference
      Home Price $91,700.00$184,700.0050.4%
      Avg. Mortgage Payment $1,346.93$2,346.6942.6%
      Apartment Rent $641.00$949.0032.5%

      Transportation

      Item Ironton National avg. Difference
      Gasoline $3.36$3.463.0%
      Tire Balancing $52.00$59.9213.2%

      Utilities

      Item Ironton National avg. Difference
      All Electricity $189.47$193.992.3%
      Phone $186.09$192.253.2%
      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.
      Catlettsburg, KY1,8348020.3%
      Kenova, WV3,0118019.6%
      Lavalette, WV1,2568119.2%
      Wurtland, KY1,4528217.9%
      Chesapeake, OH1,1838416.4%
      Ironton, OH10,7498415.9%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Fairfield, AL10,7498713.1%
      Batesville, AR10,7498614.5%
      Waipio, HI10,74517070.0%
      Fair Oaks Ranch, TX10,75315050.1%
      Northbrook, OH10,744918.9%
      Ironton, OH10,7498415.9%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.