A+
9%
Overall NAT. AVG.
0%
Goods & Services NAT. AVG.
31%
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 Wilmington Ohio National
Cost of living9192100
Goods & Services100100100
Groceries101101100
Health care10798100
Housing6973100
Transportation95100100
Utilities10299100

An Overview of Cost of Living in Wilmington, OH

Knowing the cost of living in Wilmington 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 Wilmington stands at 91, marking it 9% lower than the national average.

In Wilmington, daily expenses such as food, housing, goods and services, transportation and health care are in line with comparable areas and about average when compared to all cities across the nation. This ensures that the cost of living in Wilmington will resemble that of an average city, contributing to a manageable cost of living.

Is Wilmington Affordable?

Wondering if Wilmington 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 Wilmington, for example, the median home price is 35.2% lower than what folks pay nationally, and monthly rent is 20.8% lower than the usual rates. Plus, income levels matter too, with Wilmington boasting a median household income of $38,187, which is 31% lower than the national average.

What Factors can Influence the Cost of Living in Wilmington?

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 Wilmington, the standard sales tax rate starts at 5.75%, and the income tax rates commence at 0%.

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.

Healthcare: Healthcare expenses and insurance premiums can vary significantly depending on the specific city or state. Factors such as accessibility to healthcare facilities, out-of-pocket expenses for doctor's visits, dental care expenses, prescription costs and specialized medical care fees can all influence the overall cost of living. In Wilmington, healthcare costs are 6.6% higher than the national average.

Where is the Data From?

The Wilmington cost of living data displayed above is derived from the C2ER cost of living index to provide a useful and reasonably accurate measure of living cost differences in urban areas. The index takes into account data from 300 independent researches, covering more than 60 goods and services across 6 different categories, to create an overall index for each area, with 100 being the average. The C2ER index does not include sales or income tax rates in their data, however AreaVibes does include both income and sales tax rates in the overall cost of living score for each area.

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Cost Of Living Quick Facts

  • The cost of living in Wilmington is 1% lower than the Ohio average
  • The cost of living in Wilmington is 9% lower than the national average
  • Wilmington housing is 31% 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 Wilmington

See all the best places to live around Wilmington

Compare Wilmington, 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$55,817$4,651$1,302$1,675
      Renters$27,909$2,326$651$837
      The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in Wilmington, OH, as well as what the overall cost of living might be. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payments and not more than 36 percent of income on all expenses and debts. In Wilmington, homeowners have a median income of $55,817. Using that number, a maximum of $1,302 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $27,909, which means there is a maximum of $651 to be spent on the costs of renting a home or apartment.

      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 Wilmington 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 Wilmington 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 Wilmington 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 Wilmington National avg. Difference
      Home Price $119,700.00$184,700.0035.2%
      Avg. Mortgage Payment $1,810.14$2,346.6922.9%
      Apartment Rent $752.00$949.0020.8%

      Transportation

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

      Utilities

      Item Wilmington 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.
      Highland, OH2678317.1%
      Octa, OH518317.0%
      Sabina, OH2,6248614.3%
      Milledgeville, OH1168614.3%
      Port William, OH3158614.2%
      Wilmington, OH12,444919.2%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Cheney, WA12,4551088.0%
      Fort Atkinson, WI12,4551010.8%
      West Monroe, LA12,4318316.7%
      Troy, MO12,457927.8%
      Palos Heights, IL12,46011919.2%
      Wilmington, OH12,444919.2%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.