Cost Of Living in Minford, OH

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	Minford	Ohio	National
Cost of living	81	92	100
Goods & Services	95	100	100
Groceries	100	101	100
Health care	101	98	100
Housing	43	73	100
Transportation	94	100	100
Utilities	98	99	100

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Cost Of Living Quick Facts

The cost of living in Minford is 12% lower than the Ohio average
The cost of living in Minford is 19% lower than the national average
Minford housing is 57% 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

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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	$91,910	$7,659	$2,144	$2,758
Renters	$0	$0	$0	$0

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	Minford	National avg.	Difference
Haircut	$18.78	$24.26	22.6%
Beauty Salon	$46.22	$45.56	1.4%
Toothpaste	$3.56	$3.70	3.8%
Shampoo	$1.18	$1.28	8.1%
Movie	$12.41	$12.13	2.3%
Bowling	$13.67	$18.00	24.1%

Groceries

Item	Minford	National avg.	Difference
Ground Beef	$5.57	$5.84	4.5%
Fried Chicken	$1.35	$1.57	14.0%
Milk	$4.83	$4.67	3.4%
Potatoes	$5.16	$4.93	4.6%
Pizza	$11.31	$12.09	6.4%
Beer	$10.19	$10.41	2.1%

Health Care

Item	Minford	National avg.	Difference
Optometrist	$172.33	$125.68	37.1%
Doctor	$158.83	$135.78	17.0%
Dentist	$107.83	$113.29	4.8%
Ibuprofen	$10.49	$10.65	1.5%
Lipitor	$355.05	$468.60	24.2%

Housing

Item	Minford	National avg.	Difference
Home Price	$80,300.00	$184,700.00	56.5%
Avg. Mortgage Payment	$1,346.93	$2,346.69	42.6%
Apartment Rent	$0.00	$949.00	100.0%

Transportation

Item	Minford	National avg.	Difference
Gasoline	$3.36	$3.46	3.0%
Tire Balancing	$52.00	$59.92	13.2%

Utilities

Item	Minford	National avg.	Difference
All Electricity	$189.47	$193.99	2.3%
Phone	$186.09	$192.25	3.2%

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.
Stockdale, OH	0	95	5.3%
McDermott, OH	354	74	26.3%
New Boston, OH	2,657	79	21.4%
South Shore, KY	1,287	81	19.5%
West Portsmouth, OH	2,646	82	18.5%
Minford, OH	378	81	19.4%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Charlotte, IA	378	84	15.9%
Belle Rive, IL	378	82	17.9%
Hazel, KY	378	80	19.7%
Akron, MI	378	84	16.4%
Annapolis, MO	378	80	20.1%
Minford, OH	378	81	19.4%

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

Cost of Living in Minford, OH