Cost of Living in Sixteen Mile Stand, OH

With a cost of living index of 136, Sixteen Mile Stand, OH is a notably expensive place to live. Living here is 36% more expensive than the national average and 59% above the Ohio state average of 78. Sixteen Mile Stand is a small community of 3,735 residents.

Housing costs are the biggest factor in Sixteen Mile Stand's cost of living. The median monthly rent is $1,693 (28% above the US median of $1,319), and the median home value sits at $635,800 (109% above the national median of $304,900). At current prices, the median home costs roughly 5x the median household income — a stretch for many buyers, though not uncommon in today's market.

The median household income in Sixteen Mile Stand is $128,177, which is 71% higher than the national median of $75,149. Residents spend roughly 16% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. While incomes are above average, they more than offset the higher cost of living.

Everyday prices in the Cincinnati, OH-KY-IN (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.