Spencerville, OH vs Willard, OH

Spencerville, OH and Willard, OH have a very similar cost of living, with only a 1.4% difference in their overall index. Spencerville scores 68 while Willard scores 67 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 Spencerville is $848/month compared to $853/month in Willard — a 1% difference. Interestingly, home values tell a different story: while Spencerville has cheaper rent, Willard actually has lower median home values ($110,500 vs $141,700).

Median household income in Spencerville is $49,938 compared to $54,572 in Willard (-8.5%). Willard offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Spencerville spend roughly 20.4% of their income on rent, more than the 18.8% in Willard.