Hamden, OH vs Spencerville, OH

Hamden is moderately more affordable than Spencerville, with a 6.4% lower cost of living index. Hamden scores 64 compared to 68 for Spencerville, where the US average is 100. This difference means residents of Spencerville can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Hamden is $768/month compared to $848/month in Spencerville — a 9% difference. Home values follow the same pattern: Hamden is more affordable at $100,200 median vs $141,700.

Median household income in Hamden is $48,750 compared to $49,938 in Spencerville (-2.4%). Spencerville does offer higher incomes, but the salary premium barely offsets the higher cost of living, leaving residents with a tighter budget. Looking at affordability, residents of Hamden spend roughly 18.9% of their income on rent, less than the 20.4% in Spencerville.