Housing costs in Spencerville?
A typical home costs
$164,000, which is 51.5% less expensive than the national average of
$338,100 and 16.8% less expensive than the average Ohio home, at
$197,000. Renting a two-bedroom unit in Spencerville costs
$890 per month, which is 37.8% cheaper than the national average of
$1,430 and 10.1% cheaper than the state average of
$980.
Can I afford Spencerville?
To live comfortably in Spencerville (zip 45887), Ohio, a minimum annual income of
$31,320 for a family, and
$28,400 for a single person is recommended.
What does A.I. say about Spencerville?
The cost of living in 45887 Spencerville, OH is generally very affordable. According to BestPlaces’s Cost of Living Index, 45887 Spencerville has an overall cost of living index of 79.48, which is lower than the national average of 100. This low cost of living makes Spencerville an attractive option for those looking to save money while still being close to major cities like Dayton and Cincinnati. Additionally, rent prices are quite reasonable in Spencerville as well with one-bedroom apartments averaging around $564 per month. Overall, the cost of living in 45887 Spencerville is quite affordable and can be a great option for those looking for a more budget-friendly way of life in Ohio.