Mineral Ridge, OH vs New Paris, OH

Mineral Ridge, OH and New Paris, OH have a very similar cost of living, with only a 1.6% difference in their overall index. Mineral Ridge scores 62 while New Paris scores 61 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Mineral Ridge is $677/month compared to $730/month in New Paris — a 7% difference. Interestingly, home values tell a different story: while Mineral Ridge has cheaper rent, New Paris actually has lower median home values ($86,500 vs $142,900).

Median household income in Mineral Ridge is $61,830 compared to $45,592 in New Paris (+35.6%). While Mineral Ridge is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Mineral Ridge spend roughly 13.1% of their income on rent, less than the 19.2% in New Paris.