New Miami, OH vs Philo, OH

Philo is moderately more affordable than New Miami, with a 14.9% lower cost of living index. New Miami scores 73 compared to 64 for Philo, where the US average is 100. This difference means residents of New Miami can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in New Miami is $1,074/month compared to $760/month in Philo — a 41% difference. Interestingly, home values tell a different story: while Philo has cheaper rent, New Miami actually has lower median home values ($93,000 vs $103,500).

Median household income in New Miami is $50,259 compared to $45,833 in Philo (+9.7%). The higher salaries in New Miami partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of New Miami spend roughly 25.6% of their income on rent, more than the 19.9% in Philo.