A+
6%
Overall NAT. AVG.
8%
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 Norton Ohio National
Cost of living9492100
Goods & Services92100100
Groceries101101100
Health care9598100
Housing8873100
Transportation98100100
Utilities10399100

An Overview of Cost of Living in Norton, OH

Getting a feel for the cost of living in Norton 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 Norton is 94, which is 6% 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.

The cost of living in Norton closely mirrors the national average in comparison to other cities nationwide. Essential items such as groceries, goods and services, health care and utilities are priced at a level consistent with similar urban areas. This means that residents of Norton can anticipate that their daily expenses will remain reasonably in line with those of an average city, contributing to a manageable cost of living.

Is Norton Affordable?

Is Norton affordable? This is a pivotal question, especially when mulling over a move, as affordability carries substantial weight in your decision-making process. Factors such as the cost of living index (discussed earlier), housing expenses and income levels all contribute to a location's affordability. For instance, in Norton, the median home price is 17.6% lower than the national average and monthly rent prices are 1.4% higher than the typical rates. Additionally, the median income levels play a role in affordability, with Norton boasting a median household income of $73,146, 32.2% higher than the national average.

What Factors can Influence the Cost of Living in Norton?

Transportation: When public transportation options are limited or non-existent, residents frequently resort to vehicle ownership, which can significantly contribute to the overall cost of living. Monthly financial obligations encompass fuel, insurance, regular maintenance and potentially lease or financing expenses. In Norton, the transportation index is 2% lower than the national average.

Taxes: Cities that enforce higher taxes, covering both sales taxes and income taxes, can be a factor contributing to a higher cost of living. Paying more in taxes for everyday essentials like clothing and food inevitably leads to higher expenses. A higher income tax rate can further contribute to an overall elevated cost of living. In Norton, the baseline sales tax rate begins at 5.75%, and income tax rates start at 0%.

Housing: When there's a high demand for housing in trendy places, it can cause property prices and rental rates to soar, leading to a significantly higher cost of living. Conversely, in less desirable locations, where demand is low, prices tend to decrease, resulting in a more budget-friendly cost of living. In Norton, the housing index is 11.9% lower than the national average.

Where is the Data From?

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

Cost Of Living Quick Facts

  • The cost of living in Norton is 2% higher than the Ohio average
  • The cost of living in Norton is 6% lower than the national average
  • Norton 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 Norton

See all the best places to live around Norton

Compare Norton, OH Cost of Living

      vs
      How would you rate the cost of living in Norton?
      Write a review to give others more information about this area.
      Is the cost of living increasing or decreasing in Norton?
      Write a review to give others more information about this area.
      See all Norton 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$79,292$6,608$1,850$2,379
      Renters$41,914$3,493$978$1,258
      To approximate the cost of living and the housing affordability in Norton, 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 Norton have a median income of $79,292. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,850 per month to avoid calamity and poverty. The renters in the city have an income of about $41,914, which would make their monthly maximum allowable rental costs $978.

      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 Norton 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 Norton 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 Norton 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 Norton National avg. Difference
      Home Price $152,200.00$184,700.0017.6%
      Avg. Mortgage Payment $1,788.16$2,346.6923.8%
      Apartment Rent $962.00$949.001.4%

      Transportation

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

      Utilities

      Item Norton 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.
      Sawyerwood, OH1,6048020.0%
      North Lawrence, OH2178119.0%
      Akron, OH197,3758415.6%
      Barberton, OH26,0308515.5%
      Sterling, OH3428515.0%
      Norton, OH11,984946.2%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Wetaskiwin County No. 10, AB11,985n/a 
      Brown Deer, WI11,987991.0%
      Prairie Ridge, WA11,98013029.8%
      Fuller Heights, FL11,9891021.8%
      Winfield, KS11,9908019.8%
      Norton, OH11,984946.2%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.