Homer, IL vs New Waterford, OH: Cost of Living

Which city costs less?

New Waterford, OH has a modeled overall cost index 6.6% higher than Homer, IL.

Homer, IL · modeled 2BR rent
$1,040 / month
New Waterford, OH · modeled 2BR rent
$1,040 / month

These are saved estimates, not current rental listings. Some cities use adjusted regional data. Your household budget can differ from the overall index. Sources and assumptions

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Cost of Living Comparison 2026

Compare Homer, IL and New Waterford, OH using saved regional data and explicit budgeting assumptions. Rent estimates are not live listings. Change the salary below, then check the source notes before applying a result to your household.

Saved regional estimates · Sources and assumptions

$
Numbers update automatically as you type

Estimated extra cost: $459/month in New Waterford, OH

$150,000 in your current city has a modeled equivalent of $155,508 in New Waterford, OH

Regional cost estimates: Homer, IL uses Indianapolis, IN. New Waterford, OH uses Pittsburgh, PA. Available city ZIP rent estimates are shown separately.
Overall Cost
↑ 6.6%
More expensive
Monthly Impact
$459
Extra cost
Annual Impact
$5.5K
Per year

Assumes 60% of current gross income goes to living costs. The headline uses the category budget below; taxes, moving costs and savings goals are excluded.

Homer, IL

Population:1K
Cost Index:
74.9
100 = national average
Typical Home:$178K

New Waterford, OH

Population:1K
Cost Index:
79.8
100 = national average
Typical Home:$190K

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Homer, IL

The Prairie State

1K
Population
State Tax
Yes

Located in Illinois, this city has a population of 1K residents.

New Waterford, OH

The Buckeye State

1K
Population
State Tax
Yes

Located in Ohio, this city has a population of 1K residents.

Cost Breakdown by Category

Estimated monthly spending: Homer, IL vs New Waterford, OH

Assumes 60% of your current gross income is spent on these categories. The headline and totals use this same budget. Rent estimates below are separate reference data. Rounded amounts may differ by $1.

All Utilities
↑ 23.1%
Homer, IL
$607
New Waterford, OH
$748
Difference
$141
more
Groceries
↑ 9.8%
Homer, IL
$1,110
New Waterford, OH
$1,220
Difference
$109
more
Other
↑ 5.3%
Homer, IL
$1,782
New Waterford, OH
$1,876
Difference
$93.95
more
Transportation
↑ 6.6%
Homer, IL
$1,332
New Waterford, OH
$1,419
Difference
$87.50
more
Housing
↑ 4.2%
Homer, IL
$1,966
New Waterford, OH
$2,048
Difference
$82.08
more
Healthcare
↓ 7.7%
Homer, IL
$703
New Waterford, OH
$649
Difference
$54.20
less

🏠Rent Comparison

Studio
From$860
To$740
↓ $120
1 Bed
From$870
To$830
↓ $40.00
2 Bed
From$1,040
To$1,040
→ $0
3 Bed
From$1,330
To$1,300
↓ $30.00
Homer, ILZIP-level data

1BR range: $870–$870/mo

New Waterford, OHZIP-level data

1BR range: $830–$830/mo

💡 Note: HUD Fair Market Rents estimate 40th-percentile gross rents, including most tenant-paid utilities. City ZIP summaries are medians of those estimates, not market median rents. Actual prices vary by neighborhood, amenities, and condition. Source: HUD Small Area Fair Market Rents FY2026.

$7,500
Monthly in Homer, IL
$7,959
Monthly in New Waterford, OH
$459
Difference

Home Values

Homer
New Waterford
$178K
Median Value
$190K
↑ +4.3%
YoY Change
↑ +1%
↑ +32.8%
5-Year Change
↑ +27.1%

Homes in New Waterford are 7% more expensive than Homer

Calculate payment - HomerCalculate payment - New Waterford

Source: Zillow Home Value Index (ZHVI), January 2026

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings
↑ $3.0K
Per year
Monthly Difference
$250
More take-home
Effective Rate Diff
2.0%
Rate difference

Homer, IL

Federal Income Tax
Effective: 18.9%
$25.5K
Illinois State Tax
Effective: 5.0%
$7.4K
FICA Taxes
Social Security + Medicare
$11.5K
Total Taxes
Effective: 29.6%
$44.4K
Take-Home Pay
$8,797/month
$105.6K

New Waterford, OH

Federal Income Tax
Effective: 18.9%
$25.5K
Ohio State Tax
Effective: 3.0%
$4.4K
FICA Taxes
Social Security + Medicare
$11.5K
Total Taxes
Effective: 27.6%
$41.4K
Take-Home Pay
$9,047/month
$108.6K

Additional Tax Information

Homer, IL Tax Rates

Sales Tax:8.8%
Property Tax:2.2%

New Waterford, OH Tax Rates

Sales Tax:7.2%
Property Tax:1.6%

💡 Note: Tax calculations are estimates based on 2024/2025 tax brackets for single filers with standard deduction. Actual taxes may vary based on filing status, deductions, credits, and local variations.

Environment

Homer
New Waterford
54 Moderate
Air Quality
52 Moderate
36.6%
Good Air Days
47.8%
97 High
Climate Risk
98 High
🌊🌡🌪
Top Hazards
🌊🌪💨
▲+3.1°F
2050 Outlook
▲+3.0°F
18 days
Heat Days >95°F
12 days
▲+3.1°F
2050 Outlook
▲+3.0°F
18 days
Heat Days >95°F
12 days

Before moving from Homer, IL to New Waterford, OH

Use this comparison to shortlist a move, then check the costs that depend on your household.

  1. Compare actual homes. Get current quotes in New Waterford, OH for the same bedroom count and included utilities as your home in Homer, IL. Add parking, deposits, insurance and any overlapping leases. The rent estimates above are a starting point, not available listings.
  2. Confirm your income. Check your expected pay with your employer, including any location adjustment. Use “Different salary at destination?” above to compare two incomes. The budget model excludes taxes and one-time moving costs; it is not a take-home-pay calculation.
  3. Price your daily routine. Check the commute from a specific address to work, school or childcare. Add household expenses missing from this model, such as childcare, debt payments and medical needs. Verify local services before signing a lease.
  4. Plan the transition. Get moving quotes and budget for travel, setup costs and time off. Open your Homer to New Waterford moving checklist to organize the tasks and timing.

Still choosing a destination? Explore cities similar to New Waterford, OH by cost, housing, population and region.

Frequently Asked Questions: Homer, IL vs New Waterford, OH

How do the cost estimates for Homer, IL and New Waterford, OH compare?

New Waterford, OH has a modeled overall cost index 6.6% higher than Homer, IL. This is a broad model comparison, not a survey of today's prices or a forecast of your household spending. Some cities use adjusted regional fallback data.

What does the equivalent salary mean?

At a $150,000 salary in Homer, IL, the model estimates $155,508 in New Waterford, OH. It allocates 60% of gross income to the origin city’s category budget and applies each destination category’s relative cost. The equivalent salary adds the total category difference to your income. The monthly difference is the same category difference divided by 12; it is not take-home pay or guaranteed savings. Household size, childcare and your actual lease are not inputs to this calculation.

What rent estimates are available for Homer, IL and New Waterford, OH?

The modeled two-bedroom rents are $1,040/month in Homer, IL and $1,040/month in New Waterford, OH. Where available, the source is a city median of HUD FY2026 ZIP-level estimates; otherwise a saved metro table is used. City adjustments may also apply. These are not asking rents or available listings. Compare actual properties with the same bedroom count and included utilities.

How should I use this comparison before moving?

Use it to shortlist locations, then replace modeled costs with a current housing quote, employer-confirmed income, commute costs, insurance and your household's other expenses. Add one-time moving costs separately. Source years differ and the saved datasets are not a live price feed. Read the methodology for the formulas and fallback rules.

💰 See how taxes change too — compare take-home pay between Illinois and Ohio on TaxTakeHome.com

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