Housing costs in New Waterford?
A typical home costs
$159,600, which is 52.8% less expensive than the national average of
$338,100 and 19.0% less expensive than the average Ohio home, at
$197,000. Renting a two-bedroom unit in New Waterford costs
$800 per month, which is 44.1% cheaper than the national average of
$1,430 and 22.5% cheaper than the state average of
$980.
Can I afford New Waterford?
To live comfortably in New Waterford, Ohio, a minimum annual income of
$30,600 for a family, and
$26,400 for a single person is recommended.
What does A.I. say about New Waterford?
The cost of living in New Waterford, OH is surprisingly affordable. According to the most recent data from BestPlaces, the overall cost of living index in New Waterford is 14 percent lower than the national average. This means that housing, groceries, utilities, transportation and healthcare costs are all significantly lower compared to many other cities across the country. Furthermore, the city's unemployment rate remains low at just 4.7 percent, meaning that local residents have greater access to jobs with a livable wage. All these factors combine to make New Waterford an attractive option for those looking for an affordable place to live.