A+
7%
Overall NAT. AVG.
5%
Goods & Services NAT. AVG.
23%
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 Findlay Ohio National
Cost of living9392100
Goods & Services105100100
Groceries99101100
Health care8698100
Housing7773100
Transportation100100100
Utilities9499100

An Overview of Cost of Living in Findlay, OH

Getting a feel for the cost of living in Findlay is essential for anyone planning to relocate, as it empowers them to make informed financial decisions, secure a comfortable lifestyle and maintain financial stability in their new environment. The cost of living in Findlay is 93, which is 7% lower than the national average. Relocating individuals may need to adjust their savings and investment strategies based on the cost of living in the new location. It influences decisions about retirement planning, investments and financial goals.

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

What Do Locals Say About the Cost of Living in Findlay?

When it comes to knowing a city, its residents are the experts. We conducted a survey with 11 locals to understand their opinions on the cost of living in Findlay. The results indicated that 27% found it reasonably priced with decreasing prices of goods and services, while 73% viewed it as quite expensive, with increasing prices.

Is Findlay Affordable?

Wondering if Findlay is affordable? It's a question that often comes up when you're thinking about a new city since affordability can really shape your decisions. The cost of living index (covered earlier), housing expenses and income levels all play a part in the affordability equation. In Findlay, for example, the median home price is 23.9% lower than what folks pay nationally, and monthly rent is 20% lower than the usual rates. Plus, income levels matter too, with Findlay boasting a median household income of $48,547, which is 12.2% lower than the national average.

What Factors can Influence the Cost of Living in Findlay?

Transportation: If public transportation is limited or not available, residents may need to own and maintain vehicles, which can add to the cost of living. Gas, insurance, regular maintenance and potentially lease or finance payments will all need to be paid on a monthly basis. In Findlay, the transportation index is 0.4% higher than the national average.

Utilities: Similar to the prices of any other goods or services, utility expenditures can exhibit substantial variability, influenced by factors such as climate, energy sources accessibility, geographical location and state regulations. Costs related to electricity, water, heating, and waste disposal can fluctuate, whether higher or lower, contingent on the city or state. In Findlay, the utilities index is 5.8% lower than the national average.

Taxes: Locations with elevated tax rates, encompassing both sales and income taxes, can be a factor in driving up the cost of living. When you're paying more in taxes for everyday goods and services, it naturally translates into higher expenses. Similarly, a higher income tax rate can also contribute to an overall higher cost of living. In Findlay, the standard sales tax rate starts at 5.75%, and the income tax rates commence at 0%.

Where is the Data From?

The Findlay 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 Findlay Area
Search Homes for Sale in Findlay, OH

Cost Of Living Quick Facts

  • The cost of living in Findlay is 2% higher than the Ohio average
  • The cost of living in Findlay is 7% lower than the national average
  • Findlay housing is 23% 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 Findlay

See all the best places to live around Findlay

Compare Findlay, OH Cost of Living

      vs
      How would you rate the cost of living in Findlay?
      Write a review to give others more information about this area.
      Is the cost of living increasing or decreasing in Findlay?
      Write a review to give others more information about this area.
      See all Findlay 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$66,166$5,514$1,544$1,985
      Renters$33,225$2,769$775$997
      A good way to judge both the affordability of the housing and the cost of living in Findlay 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. Findlay has a median income of about $66,166 for people who own homes. Based on that number, a maximum of $1,544 should be spent on expenses related to housing. Renters have a slightly different median income, which is $33,225. Based on this average, renters should spend no more than $775 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 Findlay National avg. Difference
      Haircut $23.45$24.263.3%
      Beauty Salon $39.83$45.5612.6%
      Toothpaste $3.75$3.701.3%
      Shampoo $1.21$1.285.5%
      Movie $11.62$12.134.2%
      Bowling $11.78$18.0034.6%

      Groceries

      Item Findlay National avg. Difference
      Ground Beef $6.28$5.847.5%
      Fried Chicken $1.39$1.5711.4%
      Milk $4.55$4.672.5%
      Potatoes $4.83$4.932.1%
      Pizza $11.74$12.092.9%
      Beer $10.79$10.413.6%

      Health Care

      Item Findlay National avg. Difference
      Optometrist $82.43$125.6834.4%
      Doctor $123.67$135.788.9%
      Dentist $92.00$113.2918.8%
      Ibuprofen $10.24$10.653.9%
      Lipitor $421.83$468.6010.0%

      Housing

      Item Findlay National avg. Difference
      Home Price $140,600.00$184,700.0023.9%
      Avg. Mortgage Payment $1,797.82$2,346.6923.4%
      Apartment Rent $759.00$949.0020.0%

      Transportation

      Item Findlay National avg. Difference
      Gasoline $3.38$3.462.3%
      Tire Balancing $64.21$59.927.2%

      Utilities

      Item Findlay National avg. Difference
      All Electricity $180.12$193.997.2%
      Phone $184.90$192.253.8%
      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.
      Bairdstown, OH1028119.2%
      West Millgrove, OH1358217.9%
      Wharton, OH4118416.1%
      Fostoria, OH13,1938415.9%
      Gilboa, OH2168514.8%
      Findlay, OH41,098936.5%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Weslaco, TX41,1038119.1%
      Hickory, NC41,067981.6%
      Oviedo, FL41,06212019.9%
      Manassas, VA41,03812828.1%
      Shelton, CT41,16212928.9%
      Findlay, OH41,098936.5%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.