The cost of living index for Tallmadge, OH, is notably lower than the nationwide average, which is set at 100. The combined cost index for all categories in Tallmadge stands at 89, indicating that residents can expect to spend about 11% less on their living expenses compared to the national average.
Specifically, housing costs in Tallmadge are 15% lower, groceries are only 5% lower, and utilities and transportation costs are slightly lower at 10%. While healthcare and miscellaneous expenses are close to the national average, the overall cost savings in housing and transportation make Tallmadge an attractive option for those looking to reduce their living expenses.
Tallmadge, OH, presents a cost of living index that provides valuable insights for those considering relocation or new employment in the area. Compared to the nationwide average of 100, Tallmadge's cost of living stands at an overall index of 88. This figure indicates that living expenses in Tallmadge are about 12% lower than the national average. Job seekers will find that housing, utilities, and transportation costs are slightly below average, which could make for more affordable living conditions.
In more detail, Tallmadge's housing index is 85, indicating an 15% reduction in housing costs relative to the national average. Groceries and healthcare are nearly on par, with indexes of 95 and 92 respectively, only showing slight decreases. Utilities stand at 90, suggesting a 10% reduction in utility costs. Transportation costs, which often fluctuate widely, are at 88, representing a 12% savings. Miscellaneous expenses, however, are the most reduced, with an index of 80, indicating a substantial 20% decrease. This comprehensive overview highlights that living in Tallmadge can offer a more budget-friendly lifestyle compared to the national average.
