Midland, OH vs New Waterford, OH

New Waterford is moderately more affordable than Midland, with a 11.4% lower cost of living index. Midland scores 66 compared to 59 for New Waterford, where the US average is 100. This difference means residents of Midland can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Midland is $767/month compared to $533/month in New Waterford — a 44% difference. Interestingly, home values tell a different story: while New Waterford has cheaper rent, Midland actually has lower median home values ($116,700 vs $131,300).

Median household income in Midland is $44,792 compared to $51,932 in New Waterford (-13.7%). New Waterford offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Midland spend roughly 20.5% of their income on rent, more than the 12.3% in New Waterford.