Malvern, OH vs Silverton, OH
There is a significant gap in the cost of living between these two cities. Malvern is 21.2% cheaper than Silverton. With a cost index of 58 vs 74, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Malvern to Silverton should plan for substantially higher expenses across most categories.
On the housing front, median rent in Malvern is $573/month compared to $842/month in Silverton — a 32% difference. Home values follow the same pattern: Malvern is more affordable at $117,800 median vs $185,300.
Median household income in Malvern is $28,327 compared to $49,563 in Silverton (-42.8%). While Silverton is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Malvern spend roughly 24.3% of their income on rent, more than the 20.4% in Silverton.
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