Hanover, OH vs Phillipsburg, OH

Phillipsburg is moderately more affordable than Hanover, with a 12.2% lower cost of living index. Hanover scores 78 compared to 70 for Phillipsburg, where the US average is 100. This difference means residents of Hanover can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Hanover is $900/month compared to $950/month in Phillipsburg — a 5% difference. Interestingly, home values tell a different story: while Hanover has cheaper rent, Phillipsburg actually has lower median home values ($107,400 vs $220,500).

Median household income in Hanover is $84,115 compared to $70,750 in Phillipsburg (+18.9%). While Hanover is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Hanover spend roughly 12.8% of their income on rent, less than the 16.1% in Phillipsburg.