Cost of Living in New Boston, OH

With a cost of living index of 55, New Boston, OH is one of the most affordable cities in the country. Living here is 45% cheaper than the national average and 23% below the Ohio state average of 78. New Boston is a small community of 2,392 residents.

Housing costs are the biggest factor in New Boston's cost of living. The median monthly rent is $601 (54% below the US median of $1,319), and the median home value sits at $55,900 (82% below the national median of $304,900). At current prices, the median home costs roughly 2.2x the median household income — well within traditional affordability guidelines.

The median household income in New Boston is $25,759, which is 66% lower than the national median of $75,149. Residents spend roughly 28% of household income on rent. This is near the 30% threshold that financial experts generally consider the upper limit of affordability. 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 New Boston. The area sees an average annual temperature of 56.5°F, with summers averaging 75°F and winters around 37°F. Annual rainfall totals 45.1 inches spread over roughly 142 days.

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.