Study: East Liverpool, Youngstown among most affordable places t - WFMJ.com News weather sports for Youngstown-Warren Ohio

Study: East Liverpool, Youngstown among most affordable places to live in Ohio

Posted: Updated:

A new study ranks two Valley communities among the most affordable places to live in the Buckeye State.

SmartAsset, a financial technology company, released it's fourth annual study on affordable living. 

According to Smart Asset, communities are ranked on an Affordability Index weighing property taxes, homeowners' insurance fees and mortgage payments relative to income. 

In the state of Ohio, the study says that Delhi Hills, in southwest Ohio, ranks highest for affordability. The median income in Delhi Hills is approximately $90,000 a year. 

Not far down the list comes Columbiana County's East Liverpool- which ranks third among most affordable cities. In stark contrast to Delhi Hills, East Liverpool's median income is listed as $30,000. 

The city of Youngstown also made the list, coming in at seventh most affordable in the state, with a median income of $24,000. 

Smart Asset says they took a "holistic approach" to determining affordability, using indicators like closing costs, real estate taxes, homeowners insurance and mortgage rates. 

"Specifically, we found the total cost over five years of these four expenses—closing costs, taxes, insurance and mortgage payments—for the average home in every county in the U.S., and every city with a population greater than 5,000. We then took that five-year cost as a proportion of median household income in each county and city to determine affordability."

Both Youngstown and East Liverpool rank in the top 100 most affordable communities in the nation, 100th, and 65th respectively. 

  • More From wfmj.comHot ClicksMore>>

  • Critics: NFL decision chooses mainstream appeal over players

    Critics: NFL decision chooses mainstream appeal over players

    Thursday, May 24 2018 11:57 AM EDT2018-05-24 15:57:11 GMT
    (AP Photo/Chris Carlson, File). FILE - In this Thursday, Sept. 1, 2016, file photo, San Francisco 49ers quarterback Colin Kaepernick, middle, kneels during the national anthem before the team's NFL preseason football game against the San Diego Chargers...(AP Photo/Chris Carlson, File). FILE - In this Thursday, Sept. 1, 2016, file photo, San Francisco 49ers quarterback Colin Kaepernick, middle, kneels during the national anthem before the team's NFL preseason football game against the San Diego Chargers...
    Critics say the NFL's decision to force players to stand during the national anthem if on the field say the policy prioritizes the league's mainstream appeal over athletes.More >>
    Critics say the NFL's decision to force players to stand during the national anthem if on the field say the policy prioritizes the league's mainstream appeal over athletes.More >>
  • What is lava haze? A look at Hawaii's latest volcanic hazard

    What is lava haze? A look at Hawaii's latest volcanic hazard

    Tuesday, May 22 2018 3:45 PM EDT2018-05-22 19:45:48 GMT
    (U.S. Geological Survey via AP). In this image provided by the U.S. Geological Survey, lava from fissure 20 enters the ocean near Pahoa, Hawaii on Sunday, May 20, 2018. The volcano that is oozing, spewing and exploding on Hawaii's Big Island has gotten...(U.S. Geological Survey via AP). In this image provided by the U.S. Geological Survey, lava from fissure 20 enters the ocean near Pahoa, Hawaii on Sunday, May 20, 2018. The volcano that is oozing, spewing and exploding on Hawaii's Big Island has gotten...
    White plumes of acid and extremely fine shards of glass are billowing into the sky over Hawaii as molten rock from Kilauea volcano pours down a hillside and into the ocean.More >>
    White plumes of acid and extremely fine shards of glass are billowing into the sky over Hawaii as molten rock from Kilauea volcano pours down a hillside and into the ocean.More >>
  • School shooting victims killed attempting to ward off gunman

    School shooting victims killed attempting to ward off gunman

    Tuesday, May 22 2018 2:57 PM EDT2018-05-22 18:57:28 GMT
    (AP Photo/Fareed Khan). Abdul Aziz Sheikh, center, father of Sabika Sheikh, a victim of a shooting at a Texas high school, shows a picture of his daughter in Karachi, Pakistan, Saturday, May 19, 2018. The Pakistani foreign exchange student is among tho...(AP Photo/Fareed Khan). Abdul Aziz Sheikh, center, father of Sabika Sheikh, a victim of a shooting at a Texas high school, shows a picture of his daughter in Karachi, Pakistan, Saturday, May 19, 2018. The Pakistani foreign exchange student is among tho...
    An outgoing and 'really funny' student who blocked the door to try to prevent the gunman from entering the classroom and an exchange student who aspired to work in civil service were among the 10 people killed at a...More >>
    An outgoing and 'really funny' student who blocked the door to try to prevent the gunman from entering the classroom and an exchange student who aspired to work in civil service were among the 10 people killed at a Texas high school.More >>
Powered by Frankly
All content © Copyright 2000 - 2018 WFMJ. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms