Cost of Living in Chatfield, OH

With a cost of living index of 66, Chatfield, OH is one of the most affordable cities in the country. Living here is 34% cheaper than the national average and 12% below the Ohio state average of 78. Chatfield is a small community of 215 residents.

Housing costs are the biggest factor in Chatfield's cost of living. The median monthly rent is $875 (34% below the US median of $1,319), and the median home value sits at $90,800 (70% below the national median of $304,900). At current prices, the median home costs roughly 1.8x the median household income — well within traditional affordability guidelines.

The median household income in Chatfield is $50,313, which is 33% lower than the national median of $75,149. Residents spend roughly 21% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Climate is another factor for anyone considering a move to Chatfield. The area sees an average annual temperature of 50.6°F, with summers averaging 71°F and winters around 29°F. Annual rainfall totals 42.5 inches spread over roughly 153 days. Cold winters mean higher heating bills, an important cost-of-living consideration.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.