Cost of living in Tipp City research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Tipp City is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Ohio, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Tipp City is 95, with 100 being the average.
The cost of living index in Tipp City is 0.9x lower than the national average.
Tipp City ranks as the #200 cheapest in Ohio out of 286.
Tipp City ranks as the #2,449 cheapest out of 6,412 in the US.
The median home value in Tipp City is $183,400.
The median income in Tipp City is $68,943.
According to the most recent data on the cost of living, Tipp City has an overall cost of living index of 95, which is 0.9x lower than the national index of 100.
Compared to Ohio, Tipp City has a cost of living index that's 1.0x higher than Ohio's index of 91.
The standard of living in Tipp City ranks as #200 most affordable out of the 286 places we measured in Ohio. By definition, that implies Tipp City ranks as the #86 most expensive place in the Buckeye State.
For more reading on life in Tipp City, check out:
Six factors go into calculating the cost of living index in Tipp City. Here is how it fairs on each of the criteria:
The Services index in Tipp City is 104.
The Groceries index in Tipp City is 97.
The Health index in Tipp City is 88.
The Housing index in Tipp City is 82.
The Transportation index in Tipp City is 101.
The Utilities index in Tipp City is 92.
|Living Expense||Tipp City||Ohio||National Average|
Housing swings affordability the most between places in Ohio, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Tipp City is $183,400.
The Median Rent in Tipp City is $825.
The Median Income in Tipp City is $68,943.
The Home Value To Income in Tipp City is 2.7x.
The Rent To Monthly Income in Tipp City is 0.14x.
|Statistic||Tipp City||Ohio||United States|
|Median Home Value||$183,400||$159,900||$244,900|
|Home Value To Income||2.7x||2.6x||3.5x|
|Rent To Monthly Income||0.14x||0.17x||0.2x|