Cost Of Living in The Village of Indian Hill, 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	The Village of Indian Hill	Ohio	National
Cost of living	218	92	100
Goods & Services	102	100	100
Groceries	102	101	100
Health care	103	98	100
Housing	488	73	100
Transportation	102	100	100
Utilities	100	99	100

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Cost Of Living Quick Facts

The cost of living in The Village of Indian Hill is 137% higher than the Ohio average
The cost of living in The Village of Indian Hill is 118% higher than the national average
The Village of Indian Hill housing is 388% higher 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	$192,576	$16,048	$4,493	$5,778
Renters	$0	$0	$0	$0

A good indicator of the general affordability of housing in The Village of Indian Hill, 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 The Village of Indian Hill, the median monthly income is $192,576 for those who own their own homes. Under the standard rule, that income level would allow for $4,493 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $0, per the median income in the area. That would allow for renters to spend up to $0 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	The Village of Indian Hill	National avg.	Difference
Haircut	$25.13	$24.26	3.6%
Beauty Salon	$37.93	$45.56	16.7%
Toothpaste	$3.60	$3.70	2.7%
Shampoo	$1.27	$1.28	0.6%
Movie	$14.35	$12.13	18.3%
Bowling	$17.56	$18.00	2.5%

Groceries

Item	The Village of Indian Hill	National avg.	Difference
Ground Beef	$5.91	$5.84	1.2%
Fried Chicken	$1.72	$1.57	9.1%
Milk	$4.80	$4.67	2.7%
Potatoes	$5.05	$4.93	2.3%
Pizza	$11.92	$12.09	1.4%
Beer	$10.63	$10.41	2.1%

Health Care

Item	The Village of Indian Hill	National avg.	Difference
Optometrist	$105.42	$125.68	16.1%
Doctor	$159.40	$135.78	17.4%
Dentist	$106.67	$113.29	5.8%
Ibuprofen	$10.68	$10.65	0.3%
Lipitor	$497.02	$468.60	6.1%

Housing

Item	The Village of Indian Hill	National avg.	Difference
Home Price	$900,900.00	$184,700.00	387.8%
Avg. Mortgage Payment	$1,993.26	$2,346.69	15.1%
Apartment Rent	$0.00	$949.00	100.0%

Transportation

Item	The Village of Indian Hill	National avg.	Difference
Gasoline	$3.27	$3.46	5.6%
Tire Balancing	$73.09	$59.92	22.0%

Utilities

Item	The Village of Indian Hill	National avg.	Difference
All Electricity	$197.10	$193.99	1.6%
Phone	$186.48	$192.25	3.0%

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.
Plainville, OH	153	102	1.7%
Dillonvale village, OH	645	83	16.6%
Elmwood Place, OH	2,071	84	16.4%
Arlington Heights, OH	827	85	14.7%
Lincoln Heights, OH	3,359	86	13.8%
The Village of Indian Hill, OH	5,770	218	117.6%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Central City, KY	5,770	90	9.9%
Penn Wynne, PA	5,769	131	31.1%
Fruitridge Pocket, CA	5,771	110	10.0%
Brokenhead, MB	5,768	n/a
Posen, IL	5,772	98	1.5%
The Village of Indian Hill, OH	5,770	218	117.6%

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 The Village of Indian Hill, OH