Englewood, OH vs New Lexington, OH
There is a significant gap in the cost of living between these two cities. New Lexington is 21.6% cheaper than Englewood. With a cost index of 61 vs 75, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from New Lexington to Englewood should plan for substantially higher expenses across most categories.
On the housing front, median rent in Englewood is $934/month compared to $620/month in New Lexington — a 51% difference. Home values follow the same pattern: New Lexington is more affordable at $114,000 median vs $168,800.
Median household income in Englewood is $72,808 compared to $43,447 in New Lexington (+67.6%). While Englewood is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Englewood spend roughly 15.4% of their income on rent, less than the 17.1% in New Lexington.
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