New Miami, OH vs South Lebanon, OH
There is a significant gap in the cost of living between these two cities. New Miami is 20.3% cheaper than South Lebanon. With a cost index of 73 vs 92, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from New Miami to South Lebanon should plan for substantially higher expenses across most categories.
On the housing front, median rent in New Miami is $1,074/month compared to $1,086/month in South Lebanon — a 1% difference. Home values follow the same pattern: New Miami is more affordable at $93,000 median vs $315,800.
Median household income in New Miami is $50,259 compared to $110,729 in South Lebanon (-54.6%). While South Lebanon 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 Miami spend roughly 25.6% of their income on rent, more than the 11.8% in South Lebanon.
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