Fayette, OH vs Wellsville, OH

Fayette, OH and Wellsville, OH have a very similar cost of living, with only a 4.3% difference in their overall index. Fayette scores 62 while Wellsville scores 60 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Fayette is $750/month compared to $753/month in Wellsville — a 0% difference. Interestingly, home values tell a different story: while Fayette has cheaper rent, Wellsville actually has lower median home values ($55,400 vs $92,300).

Median household income in Fayette is $47,500 compared to $29,440 in Wellsville (+61.3%). While Fayette is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Fayette spend roughly 18.9% of their income on rent, less than the 30.7% in Wellsville. The Fayette ratio exceeds the commonly recommended 30% threshold, which can put pressure on household budgets.