Cost of Living in Minerva, OH

A+
15%
Overall NAT. AVG.
8%
Goods & Services NAT. AVG.
39%
Housing NAT. AVG.
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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 Minerva Ohio National
Cost of living8592100
Goods & Services92100100
Groceries101101100
Health care9598100
Housing6173100
Transportation98100100
Utilities10399100
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Cost Of Living Quick Facts

  • The cost of living in Minerva is 7% lower than the Ohio average
  • The cost of living in Minerva is 15% lower than the national average
  • Minerva housing is 39% 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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Compare Minerva, OH Cost of Living

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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$61,944$5,162$1,445$1,859
      Renters$42,159$3,513$984$1,265
      To approximate the cost of living and the housing affordability in Minerva, OH, we can look at the percentage of income that is available to be spent on monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side, a consumer should not spend more than 28% of his or her gross income on housing-related expenses and costs and not more than 36% of income on all expenses and debts. Homeowners in Minerva have a median income of $61,944. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,445 per month to avoid calamity and poverty. The renters in the city have an income of about $42,159, which would make their monthly maximum allowable rental costs $984.

      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 Minerva National avg. Difference
      Haircut $23.67$24.262.5%
      Beauty Salon $35.31$45.5622.5%
      Toothpaste $3.68$3.700.5%
      Shampoo $1.45$1.2813.0%
      Movie $11.60$12.134.4%
      Bowling $18.27$18.001.5%

      Groceries

      Item Minerva National avg. Difference
      Ground Beef $5.46$5.846.5%
      Fried Chicken $1.39$1.5711.4%
      Milk $4.57$4.672.3%
      Potatoes $5.38$4.939.1%
      Pizza $9.98$12.0917.4%
      Beer $10.51$10.411.0%

      Health Care

      Item Minerva National avg. Difference
      Optometrist $103.58$125.6817.6%
      Doctor $119.67$135.7811.9%
      Dentist $109.73$113.293.1%
      Ibuprofen $10.73$10.650.7%
      Lipitor $503.65$468.607.5%

      Housing

      Item Minerva National avg. Difference
      Home Price $99,600.00$184,700.0046.1%
      Avg. Mortgage Payment $1,788.16$2,346.6923.8%
      Apartment Rent $722.00$949.0023.9%

      Transportation

      Item Minerva National avg. Difference
      Gasoline $3.41$3.461.4%
      Tire Balancing $57.76$59.923.6%

      Utilities

      Item Minerva National avg. Difference
      All Electricity $205.88$193.996.1%
      Phone $186.78$192.252.8%
      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.
      East Rochester, OH851010.8%
      Sandyville, OH128963.8%
      Damascus, OH286963.8%
      Salineville, OH1,1248316.8%
      Bergholz, OH6368316.6%
      Minerva, OH3,2948514.5%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Lindsborg, KS3,2948811.6%
      Essexville, MI3,294918.9%
      Troy, NC3,2938514.6%
      Mingo Junction, OH3,2938713.0%
      Ross, OH3,2931066.2%
      Minerva, OH3,2948514.5%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
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