Newburgh Heights, OH vs Spencer, OH

Newburgh Heights, OH and Spencer, OH have a very similar cost of living, with only a 3.7% difference in their overall index. Newburgh Heights scores 73 while Spencer scores 70 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 Newburgh Heights is $1,077/month compared to $832/month in Spencer — a 29% difference. Interestingly, home values tell a different story: while Spencer has cheaper rent, Newburgh Heights actually has lower median home values ($95,500 vs $154,400).

Median household income in Newburgh Heights is $62,917 compared to $55,250 in Spencer (+13.9%). While Newburgh Heights is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Newburgh Heights spend roughly 20.5% of their income on rent, more than the 18.1% in Spencer.