New Richmond, OH vs Ottoville, OH

New Richmond, OH and Ottoville, OH have a very similar cost of living, with only a 0.4% difference in their overall index. New Richmond scores 76 while Ottoville scores 76 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 Richmond is $834/month compared to $870/month in Ottoville — a 4% difference. Home values follow the same pattern: New Richmond is more affordable at $221,100 median vs $231,700.

Median household income in New Richmond is $79,195 compared to $75,667 in Ottoville (+4.7%). While New Richmond 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 Richmond spend roughly 12.6% of their income on rent, less than the 13.8% in Ottoville.