A+
6%
Overall NAT. AVG.
0%
Goods & Services NAT. AVG.
19%
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 Clayton Ohio National
Cost of living9492100
Goods & Services100100100
Groceries101101100
Health care10798100
Housing8173100
Transportation95100100
Utilities10299100

An Overview of Cost of Living in Clayton, OH

Knowing the cost of living in Clayton 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 Clayton stands at 94, marking it 6% lower than the national average.

Everyday expenditures like food, housing, goods and services, transportation and health care in Clayton are priced in a manner consistent with other areas. This means that residents of Clayton can anticipate their daily expenses remaining reasonably similar to those in an average city, thereby supporting a manageable cost of living.

Is Clayton Affordable?

Is Clayton an affordable place to live? That's a valid question to ask when you're thinking about moving to a new city. After all, how much it costs to live somewhere can be a huge factor in your decision. Affordability can be broken down into 3 common categories. The cost of living index (we talked about it earlier), housing expenses and income levels all play a big role in figuring out if a place is affordable. For instance, in Clayton, the median home price is 23.2% lower than what most folks pay across the country, and monthly rent prices are 8.2% lower than the usual rates. Income levels in Clayton come in at $75,545, which is 36.6% higher than the national average.

What Factors can Influence the Cost of Living in Clayton?

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 Clayton, the transportation index is 5.4% lower than the national average.

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.

Taxes: Regions that impose higher taxes, including sales and income taxes, can contribute to an increased cost of living. Higher taxes for everyday necessities such as clothing, utilities and food inevitably leads to higher expenditures. Additionally, a higher income tax rate can also play a role in elevating the overall cost of living. In Clayton, the prevailing sales tax rate starts at 5.75%, and income tax rates kick off at 0%.

Where is the Data From?

The cost of living data in Clayton displayed above is sourced from the C2ER cost of living index, which serves as a practical tool for comparing living expenses across urban areas. Published on a quarterly basis, this index aggregates data from over 300 independent researchers, encompassing more than 60 goods and services, in 6 different categories. The weightings assigned to cost differences rely on government survey data that tracks the spending habits of professional and executive households. It's worth noting that the C2ER index excludes data on sales or income tax rates, while AreaVibes integrates tax rates into the overall cost of living evaluation for each region.

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

Cost Of Living Quick Facts

  • The cost of living in Clayton is 3% higher than the Ohio average
  • The cost of living in Clayton is 6% lower than the national average
  • Clayton housing is 19% 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 Clayton

See all the best places to live around Clayton

Compare Clayton, OH Cost of Living

      vs
      How would you rate the cost of living in Clayton?
      Write a review to give others more information about this area.
      Is the cost of living increasing or decreasing in Clayton?
      Write a review to give others more information about this area.
      See all Clayton 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$81,265$6,772$1,896$2,438
      Renters$40,240$3,353$939$1,207
      A good way to judge both the affordability of the housing and the cost of living in Clayton is by simply calculating the maximum that should be spent on housing, otherwise known as the debt-to-income ratio (DTI). The plan is to avoid spending more than 28 percent of the gross income on costs that pertain to housing and no more than 36 percent on all expenses and debts. Clayton has a median income of about $81,265 for people who own homes. Based on that number, a maximum of $1,896 should be spent on expenses related to housing. Renters have a slightly different median income, which is $40,240. Based on this average, renters should spend no more than $939 on all rental costs if they want to maintain a non-impoverished standard of living.

      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 Clayton National avg. Difference
      Haircut $21.00$24.2613.4%
      Beauty Salon $43.31$45.564.9%
      Toothpaste $3.57$3.703.5%
      Shampoo $1.30$1.281.5%
      Movie $12.84$12.135.8%
      Bowling $16.32$18.009.3%

      Groceries

      Item Clayton National avg. Difference
      Ground Beef $6.04$5.843.4%
      Fried Chicken $1.69$1.577.2%
      Milk $4.78$4.672.2%
      Potatoes $5.19$4.935.1%
      Pizza $13.11$12.098.5%
      Beer $10.57$10.411.6%

      Health Care

      Item Clayton National avg. Difference
      Optometrist $108.50$125.6813.7%
      Doctor $152.25$135.7812.1%
      Dentist $122.07$113.297.7%
      Ibuprofen $10.62$10.650.3%
      Lipitor $511.48$468.609.2%

      Housing

      Item Clayton National avg. Difference
      Home Price $141,800.00$184,700.0023.2%
      Avg. Mortgage Payment $1,810.14$2,346.6922.9%
      Apartment Rent $871.00$949.008.2%

      Transportation

      Item Clayton National avg. Difference
      Gasoline $3.24$3.466.3%
      Tire Balancing $58.06$59.923.1%

      Utilities

      Item Clayton National avg. Difference
      All Electricity $202.76$193.994.5%
      Phone $186.57$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.
      Drexel, OH2,3208218.4%
      Dayton, OH140,4448515.2%
      Trotwood, OH24,4108614.1%
      Casstown, OH2098613.9%
      Ithaca, OH1148119.4%
      Clayton, OH13,201945.6%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Rochester, MI13,20312423.7%
      Mounds View, MN13,1931011.5%
      Fostoria, OH13,1938415.9%
      Auburn, IN13,2099010.5%
      New Ulm, MN13,209927.8%
      Clayton, OH13,201945.6%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.