New Franklin, OH Cost Of Living
What is the cost of living in New Franklin, OH?
According to the most recent data on the cost of living, New Franklin has an overall cost of living index of 92 which is 0.9x lower than the national index of 100.
Compared to only Ohio, New Franklin has a cost of living index that's 1.0x higher than Ohio's index of 91.
The standard of living in New Franklin ranks as #2,060 most affordable out of the 6,522 places we measured in Ohio. By definition, that implies New Franklin ranks as the #4,346 most expensive place in the Buckeye State.
New Franklin Cost Of Living Vs. Ohio
| Living Expense | New Franklin | Ohio | National Average | |
|---|---|---|---|---|
| Overall | 92 | 91 | 100 | |
| Services | 99 | 100 | 100 | |
| Groceries | 103 | 98 | 100 | |
| Health | 98 | 96 | 100 | |
| Housing | 77 | 73 | 100 | |
| Transportation | 93 | 102 | 100 | |
| Utilities | 94 | 91 | 100 | |
New Franklin, OH Housing Cost Breakdown
Housing swings affordability the most between places in Ohio, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.
Home and income come data comes from the most recent US Census ACS 2014-2018.
| Statistic | New Franklin | Ohio | United States |
|---|---|---|---|
| Median Home Value | $149,200 | $145,700 | $217,500 |
| Median Rent | $878 | $808 | $1,062 |
| Median Income | $72,866 | $56,602 | $62,843 |
| Home Value To Income | 2.0x | 2.6x | 3.5x |
| Rent To Monthly Income | 0.14x | 0.17x | 0.2x |
Detailed New Franklin Services Costs Vs. Ohio
| Item | New Franklin | Ohio |
|---|---|---|
| Shampoo | $1.0 | $1.01 |
| Movie | $10.4 | $10.72 |
| Bowling | $12.0 | $13.86 |
Detailed New Franklin Groceries Costs Vs. Ohio
| Item | New Franklin | Ohio |
|---|---|---|
| Ground Beef | $5.08 | $3.9 |
| Fried Chicken | $1.39 | $1.4 |
| Milk | $1.89 | $1.96 |
Detailed New Franklin Health Costs Vs. Ohio
| Item | New Franklin | Ohio |
|---|---|---|
| Haircut | $15.0 | $17.49 |
| Beauty Salon | $34.0 | $38.17 |
| Toothpaste | $2.99 | $2.32 |
Detailed New Franklin Transportation Costs Vs. Ohio
| Item | New Franklin | Ohio |
|---|---|---|
| Potatoes | $3.13 | $3.18 |
| Pizza | $9.99 | $10.39 |
| Beer | $9.59 | $9.23 |
| Optometrist | $103.6 | $106.34 |
| Doctor | $150.84 | $115.25 |
| Dentist | $91.4 | $98.38 |
Detailed New Franklin Utilities Costs Vs. Ohio
| Item | New Franklin | Ohio |
|---|---|---|
| Gasoline | $2.53 | $2.59 |
| Tire Balancing | $42.98 | $48.9 |
| All Electricity | $153.04 | $167.6 |
| Phone | $175.88 | $163.42 |
New Franklin SnackAbility
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Cost Of Living In Cities Around New Franklin
| City | Population | Cost Of Living | Vs. New Franklin | Cuyahoga Falls, OH | 49,192 | 90 | 1.0x | Stow, OH | 34,776 | 96 | 1.0x | Kent, OH | 29,811 | 92 | 1.0x | Barberton, OH | 26,098 | 85 | 0.9x | Green, OH | 25,760 | 96 | 1.0x | Wadsworth, OH | 23,426 | 95 | 1.0x | Tallmadge, OH | 17,589 | 93 | 1.0x | North Canton, OH | 17,277 | 91 | 1.0x | Norton, OH | 12,018 | 92 | 1.0x | Fairlawn, OH | 7,514 | 98 | 1.1x |
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