New Waterford, OH vs Versailles, OH

There is a significant gap in the cost of living between these two cities. New Waterford is 16.9% cheaper than Versailles. With a cost index of 59 vs 71, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from New Waterford to Versailles should plan for substantially higher expenses across most categories.

On the housing front, median rent in New Waterford is $533/month compared to $762/month in Versailles — a 30% difference. Home values follow the same pattern: New Waterford is more affordable at $131,300 median vs $193,200.

Median household income in New Waterford is $51,932 compared to $69,103 in Versailles (-24.8%). While Versailles 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 Waterford spend roughly 12.3% of their income on rent, less than the 13.2% in Versailles.