New Waterford, OH vs West Union, OH

New Waterford, OH and West Union, OH have a very similar cost of living, with only a 2.4% difference in their overall index. New Waterford scores 59 while West Union scores 61 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 Waterford is $533/month compared to $616/month in West Union — a 14% difference. Interestingly, home values tell a different story: while New Waterford has cheaper rent, West Union actually has lower median home values ($118,400 vs $131,300).

Median household income in New Waterford is $51,932 compared to $29,934 in West Union (+73.5%). New Waterford offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of New Waterford spend roughly 12.3% of their income on rent, less than the 24.7% in West Union.