Fairlawn, OH vs New Richmond, OH

New Richmond is moderately more affordable than Fairlawn, with a 14.7% lower cost of living index. Fairlawn scores 88 compared to 76 for New Richmond, where the US average is 100. This difference means residents of Fairlawn can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Fairlawn is $1,095/month compared to $834/month in New Richmond — a 31% difference. Home values follow the same pattern: New Richmond is more affordable at $221,100 median vs $267,000.

Median household income in Fairlawn is $93,154 compared to $79,195 in New Richmond (+17.6%). While Fairlawn is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Fairlawn spend roughly 14.1% of their income on rent, more than the 12.6% in New Richmond.