Cost of Living in Mutual, OH

With a cost of living index of 78, Mutual, OH is a very affordable place to live. Living here is 22% cheaper than the national average and in line with the Ohio state average. Mutual is a small community of 73 residents.

Housing costs are the biggest factor in Mutual's cost of living. The median monthly rent is $1,063 (19% below the US median of $1,319), and the median home value sits at $175,000 (43% below the national median of $304,900). At current prices, the median home costs roughly 3.4x the median household income — a moderately affordable ratio by today's standards.

The median household income in Mutual is $51,250, which is 32% lower than the national median of $75,149. Residents spend roughly 25% 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 Mutual. The area sees an average annual temperature of 52.4°F, with summers averaging 73°F and winters around 31°F. Annual rainfall totals 35.8 inches spread over roughly 133 days.

Everyday prices in the Springfield, OH (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 6 are priced lower than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

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.