New Baltimore, OH vs Richfield, OH

New Baltimore, OH and Richfield, OH have a very similar cost of living, with only a 3.9% difference in their overall index. New Baltimore scores 91 while Richfield scores 87 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 New Baltimore is $995/month compared to $1,019/month in Richfield — a 2% difference. Interestingly, home values tell a different story: while New Baltimore has cheaper rent, Richfield actually has lower median home values ($292,000 vs $337,200).

Median household income in New Baltimore is $129,766 compared to $78,426 in Richfield (+65.5%). While New Baltimore is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of New Baltimore spend roughly 9.2% of their income on rent, less than the 15.6% in Richfield.