Cost of Living in Springboro, OH

Housing

The housing market plays a significant role in determining the cost of living in Springboro, OH.

• Housing Index: 95.0 / 100
• Median Home Price is: $252000
• Average Rent (2 BR Apartment): $1450 per month
• Average Rent (2 BR House): $1500 per month

Considering a move to Springboro, OH? With a housing index of 95.0, the affordability of housing is relatively intact compared to the national average. The median home price stands at 252000, making it a feasible option for prospective buyers. Renting a 2-bedroom apartment averages at 1450 and a 2-bedroom house at 1500, which is reasonable for many local residents. This area also boasts overall economic stability and community amenities, making it an attractive choice for families and individuals alike.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Springboro, OH.

• Electricity Price: 15.92 USD (median by state)
• Natural Gas Price: $None USD per Thousand Cubic Feet (median by state)
• Other Utilities (water, garbage, etc.): $200 per month

Living in Springboro, OH could entail higher utility costs. Electricity costs sit at 15.92, while natural gas is priced at None per Thousand Cubic Feet—both aligning with state medians. Expect to budget about 200 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Bethlehem is a financially viable option for your relocation.

Cost of Living Index

The cost of living index is a widely used metric to determine the relative affordability of cities and towns.

• Index score: 103.2

Median Income

The median income is an important factor to consider when evaluating the affordability of a city or town.

• Median Income: $113182

Educational and Social Amenities

Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.

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Summary

When considering a move to Springboro, OH, consider the following factors:

• Taxes: State income, property, and local income taxes can significantly impact your take-home pay.
• Job opportunities: The availability of jobs in your field can affect your quality of life.
• Cost of living: Housing costs, utilities, transportation, and other expenses should be considered when evaluating the affordability of a city or town.