A+
10%
Overall NAT. AVG.
0%
Goods & Services NAT. AVG.
34%
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 West Carrollton Ohio National
Cost of living9092100
Goods & Services100100100
Groceries101101100
Health care10798100
Housing6673100
Transportation95100100
Utilities10299100

An Overview of Cost of Living in West Carrollton, OH

Getting a feel for the cost of living in West Carrollton 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 West Carrollton is 90, which is 10% 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.

Is West Carrollton Affordable?

Is West Carrollton affordable? It's a key consideration when pondering a move, as affordability often shapes your choices. The cost of living index (we discussed it earlier), coupled with housing costs and income levels, serves as the cornerstone for determining a location's affordability. Take West Carrollton, for instance, where the median home price falls 43.8% lower than the national average, and monthly rent rates are 11.2% lower than usual. Additionally, median income levels contribute to the equation, with West Carrollton flaunting a median household income of $45,480, 17.8% lower than the national norm.

What Factors can Influence the Cost of Living in West Carrollton?

Urbanization: Larger, urban centers, known for their wealth of amenities and strong employment prospects, often exhibit an elevated cost of living, primarily attributable to the heightened demand for services and residential relocation. Consequently, this scenario leads to elevated home prices and higher rental rates. In contrast, sparsely populated rural areas or regions characterized by diminished demand typically provide a more limited array of amenities and experience slower job market growth, resulting in a more affordable cost of living.

Utilities: Much like any other costs, utility expenses can exhibit considerable variations, influenced by factors such as climate, available energy sources, geographic location and state regulations. The costs associated with electricity, water, heating, and waste disposal can vary significantly depending on the city or state in question. In West Carrollton, the utilities index stands at 1.8% higher than the national average.

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

Where is the Data From?

The cost of living data in West Carrollton 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.

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Cost Of Living Quick Facts

  • The cost of living in West Carrollton is 2% lower than the Ohio average
  • The cost of living in West Carrollton is 10% lower than the national average
  • West Carrollton housing is 34% 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 West Carrollton

See all the best places to live around West Carrollton

Compare West Carrollton, OH Cost of Living

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      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$54,962$4,580$1,282$1,649
      Renters$36,742$3,062$857$1,102
      The affordability of the housing market in West Carrollton, OH as well as the overall cost of living can be predicted by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should be spent on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among West Carrollton homeowners, the median income is $54,962. This indicates that a monthly maximum of $1,282 should be spent by homeowners on all housing related costs. Renters have a median income of $36,742. This indicates that renters would have a maximum of $857 for their rent related monthly costs.

      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 West Carrollton 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 West Carrollton 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 West Carrollton 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 West Carrollton National avg. Difference
      Home Price $103,800.00$184,700.0043.8%
      Avg. Mortgage Payment $1,810.14$2,346.6922.9%
      Apartment Rent $843.00$949.0011.2%

      Transportation

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

      Utilities

      Item West Carrollton 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.
      Centerville village, OH698118.9%
      Drexel, OH2,3208218.4%
      Highland Holiday, OH6778218.0%
      Dayton, OH140,4448515.2%
      Trotwood, OH24,4108614.1%
      West Carrollton, OH12,9019010.1%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      North Adams, MA12,897963.7%
      University Heights, OH12,908972.7%
      Edgewater, NJ12,89017676.3%
      Glendale, WI12,8901065.9%
      Suamico, WI12,8901098.9%
      West Carrollton, OH12,9019010.1%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.