B+
2%
Overall NAT. AVG.
2%
Goods & Services NAT. AVG.
12%
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 Monfort Heights Ohio National
Cost of living9892100
Goods & Services102100100
Groceries102101100
Health care10398100
Housing8873100
Transportation102100100
Utilities10099100

An Overview of Cost of Living in Monfort Heights, OH

Knowing the cost of living in Monfort Heights 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 Monfort Heights stands at 98, marking it 2% lower than the national average.

In Monfort Heights, daily expenses such as food, housing, goods and services, transportation and health care are in line with comparable areas and about average when compared to all cities across the nation. This ensures that the cost of living in Monfort Heights will resemble that of an average city, contributing to a manageable cost of living.

Is Monfort Heights Affordable?

Is Monfort Heights 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 Monfort Heights, for instance, where the median home price falls 13.5% lower than the national average, and monthly rent rates are 7.2% lower than usual. Additionally, median income levels contribute to the equation, with Monfort Heights flaunting a median household income of $78,796, 42.4% higher than the national norm.

What Factors can Influence the Cost of Living in Monfort Heights?

Transportation: In areas where public transportation is scarce or unavailable, residents often find themselves compelled to own and upkeep vehicles, thereby increasing the overall cost of living. Monthly expenses encompass fuel, insurance, routine maintenance and potentially lease or financing payments. In Monfort Heights, the transportation index is 2.4% higher than the national average.

Groceries: The costs associated with groceries have witnessed substantial increases over the past 2-3 years. In select markets, food prices have escalated by more than 20% during this timeframe, whereas others have seen more restrained upticks. The variances in food expenses can exert a considerable influence on the overall cost of living in a given locale. In Monfort Heights, the groceries index is 2.4% higher than the national average.

Urbanization: Urban areas with a wealth of amenities and employment opportunities tend to come with a higher price tag for living. Why? Well, more people want to be there, which drives up home prices and rents. On the flip side, less densely populated rural areas or places where there's not as much demand usually mean fewer attractions, things to do and slower job growth. That often results in a lower cost of living.

Where is the Data From?

The Monfort Heights 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.

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

Cost Of Living Quick Facts

  • The cost of living in Monfort Heights is 6% higher than the Ohio average
  • The cost of living in Monfort Heights is 2% lower than the national average
  • Monfort Heights housing is 12% 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 Monfort Heights

See all the best places to live around Monfort Heights

Compare Monfort Heights, OH Cost of Living

      vs
      How would you rate the cost of living in Monfort Heights?
      Write a review to give others more information about this area.
      Is the cost of living increasing or decreasing in Monfort Heights?
      Write a review to give others more information about this area.
      See all Monfort Heights 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$88,313$7,359$2,060$2,650
      Renters$50,872$4,239$1,187$1,526
      The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Monfort Heights, OH, as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Monfort Heights homeowners, is $88,313. This would allow for a maximum of $2,060 per month to be spent on housing costs. For renters, the median monthly income is $50,872 which would result in a maximum of $1,187 to be spent on rental 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 Monfort Heights National avg. Difference
      Haircut $25.13$24.263.6%
      Beauty Salon $37.93$45.5616.7%
      Toothpaste $3.60$3.702.7%
      Shampoo $1.27$1.280.6%
      Movie $14.35$12.1318.3%
      Bowling $17.56$18.002.5%

      Groceries

      Item Monfort Heights National avg. Difference
      Ground Beef $5.91$5.841.2%
      Fried Chicken $1.72$1.579.1%
      Milk $4.80$4.672.7%
      Potatoes $5.05$4.932.3%
      Pizza $11.92$12.091.4%
      Beer $10.63$10.412.1%

      Health Care

      Item Monfort Heights National avg. Difference
      Optometrist $105.42$125.6816.1%
      Doctor $159.40$135.7817.4%
      Dentist $106.67$113.295.8%
      Ibuprofen $10.68$10.650.3%
      Lipitor $497.02$468.606.1%

      Housing

      Item Monfort Heights National avg. Difference
      Home Price $159,700.00$184,700.0013.5%
      Avg. Mortgage Payment $1,993.26$2,346.6915.1%
      Apartment Rent $881.00$949.007.2%

      Transportation

      Item Monfort Heights National avg. Difference
      Gasoline $3.27$3.465.6%
      Tire Balancing $73.09$59.9222.0%

      Utilities

      Item Monfort Heights National avg. Difference
      All Electricity $197.10$193.991.6%
      Phone $186.48$192.253.0%
      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.
      Shawnee, OH1,0541021.7%
      Petersburg, KY3681021.7%
      Plainville, OH1531021.7%
      Elizabethtown, OH2848020.4%
      Hooven, OH3268119.1%
      Monfort Heights, OH13,124982.3%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Harrison, AR13,1248812.4%
      La Grange Park, IL13,12912625.8%
      Timberlake, VA13,130982.0%
      Prince Rupert, BC13,113n/a 
      Warrenville, IL13,13711111.2%
      Monfort Heights, OH13,124982.3%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.