Ironton, OH vs Troy, OH
There is a significant gap in the cost of living between these two cities. Ironton is 18.1% cheaper than Troy. With a cost index of 63 vs 77, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Ironton to Troy should plan for substantially higher expenses across most categories.
On the housing front, median rent in Ironton is $760/month compared to $934/month in Troy — a 19% difference. Home values follow the same pattern: Ironton is more affordable at $112,400 median vs $199,400.
Median household income in Ironton is $45,694 compared to $70,450 in Troy (-35.1%). While Troy is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Ironton spend roughly 20% of their income on rent, more than the 15.9% in Troy.
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