Chatfield, OH vs Timberlake, OH
There is a significant gap in the cost of living between these two cities. Chatfield is 21.3% cheaper than Timberlake. With a cost index of 66 vs 84, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Chatfield to Timberlake should plan for substantially higher expenses across most categories.
On the housing front, median rent in Chatfield is $875/month compared to $1,112/month in Timberlake — a 21% difference. Home values follow the same pattern: Chatfield is more affordable at $90,800 median vs $216,300.
Median household income in Chatfield is $50,313 compared to $78,214 in Timberlake (-35.7%). While Timberlake is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Chatfield spend roughly 20.9% of their income on rent, more than the 17.1% in Timberlake.
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