Northwood, OH Cost Of Living
Cost Of Living In Northwood, OH Summary
Cost of living in Northwood research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Northwood is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Ohio, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Northwood is 95, with 100 being the average.
The cost of living index in Northwood is 0.9x lower than the national average.
Northwood ranks as the #175 cheapest in Ohio out of 289.
Northwood ranks as the #1,954 cheapest out of 6,489 in the US.
The median home value in Northwood is $176,346.
The median income in Northwood is $76,332.
Table Of Contents
Northwood's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Northwood, OH?
According to the most recent data on the cost of living, Northwood has an overall cost of living index of 95, which is 0.9x lower than the national index of 100.
Compared to Ohio, Northwood has a cost of living index that's 1.0x higher than Ohio's index of 93.
The standard of living in Northwood ranks as #175 most affordable out of the 289 places we measured in Ohio. By definition, that implies Northwood ranks as the #114 most expensive place in the Buckeye State.
For more reading on life in Northwood, check out:
In Ohio
In America
Northwood Cost Of Living Vs. Ohio
Six factors go into calculating the cost of living index in Northwood. Here is how it fairs on each of the criteria:
The Services index in Northwood is 106.
The Groceries index in Northwood is 99.
The Health index in Northwood is 86.
The Housing index in Northwood is 76.
The Transportation index in Northwood is 99.
The Utilities index in Northwood is 94.
| Living Expense | Northwood | Ohio | National Average | |
|---|---|---|---|---|
| Overall | 95 | 93 | 100 | |
| Services | 106 | 101 | 100 | |
| Groceries | 99 | 103 | 100 | |
| Health | 86 | 97 | 100 | |
| Housing | 76 | 74 | 100 | |
| Transportation | 99 | 102 | 100 | |
| Utilities | 94 | 100 | 100 | |
Northwood, OH Housing Cost Breakdown
Housing swings affordability the most between places in Ohio, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Northwood is $176,346.
The Median Rent in Northwood is $964.
The Median Income in Northwood is $76,332.
The Home Value To Income in Northwood is 2.3x.
The Rent To Monthly Income in Northwood is 0.15x.
Median Home Value
Median Rent
Median Income
Northwood, OH Costs By Category
Detailed Northwood Services Costs Vs. Ohio
Detailed Northwood Groceries Costs Vs. Ohio
Detailed Northwood Health Costs Vs. Ohio
Detailed Northwood Transportation Costs Vs. Ohio
Detailed Northwood Utilities Costs Vs. Ohio
Northwood SnackAbility
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Cost Of Living In Cities Around Northwood
The cost of living varies in the cities and towns around Northwood. Here's a quick look at the cost of living in the most populous nearby places:
Toledo, OH has a cost of living index of 87, 0.9x Northwood.
Bowling Green, OH has a cost of living index of 95, 1.0x Northwood.
Perrysburg, OH has a cost of living index of 107, 1.1x Northwood.
| City | Population | Cost Of Living | Vs. Northwood |
|---|---|---|---|
| Toledo, OH | 268,461 | 87 | 0.9x |
| Bowling Green, OH | 30,051 | 95 | 1.0x |
| Perrysburg, OH | 25,065 | 107 | 1.1x |
| Oregon, OH | 19,821 | 95 | 1.0x |
| Sylvania, OH | 19,038 | 98 | 1.0x |
| Maumee, OH | 13,765 | 97 | 1.0x |
| Lambertville, MI | 9,708 | 98 | 1.0x |
| Temperance, MI | 8,495 | 98 | 1.0x |
| Rossford, OH | 6,315 | 94 | 1.0x |
| Waterville, OH | 5,997 | 106 | 1.1x |
