Norwood, OH Cost Of Living
Cost Of Living In Norwood, OH Summary
Cost of living in Norwood 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 Norwood 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 Norwood is 89, with 100 being the average.
The cost of living index in Norwood is 0.9x lower than the national average.
Norwood ranks as the #125 cheapest in Ohio out of 286.
Norwood ranks as the #1,460 cheapest out of 6,412 in the US.
The median home value in Norwood is $162,600.
The median income in Norwood is $48,703.
Table Of Contents
Norwood's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Norwood, OH?
According to the most recent data on the cost of living, Norwood has an overall cost of living index of 89, which is 0.9x lower than the national index of 100.
Compared to Ohio, Norwood has a cost of living index that's 1.0x lower than Ohio's index of 91.
The standard of living in Norwood ranks as #125 most affordable out of the 286 places we measured in Ohio. By definition, that implies Norwood ranks as the #161 most expensive place in the Buckeye State.
For more reading on life in Norwood, check out:
- Living In Norwood
- Search Homes For Sale In Norwood, OH
In Ohio
In America
Norwood Cost Of Living Vs. Ohio
Six factors go into calculating the cost of living index in Norwood. Here is how it fairs on each of the criteria:
The Services index in Norwood is 100.
The Groceries index in Norwood is 93.
The Health index in Norwood is 100.
The Housing index in Norwood is 66.
The Transportation index in Norwood is 105.
The Utilities index in Norwood is 89.
| Living Expense | Norwood | Ohio | National Average | |
|---|---|---|---|---|
| Overall | 89 | 91 | 100 | |
| Services | 100 | 98 | 100 | |
| Groceries | 93 | 101 | 100 | |
| Health | 100 | 95 | 100 | |
| Housing | 66 | 73 | 100 | |
| Transportation | 105 | 98 | 100 | |
| Utilities | 89 | 93 | 100 | |
Norwood, 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 2017-2021. The key points are:
The Median Home Value in Norwood is $162,600.
The Median Rent in Norwood is $792.
The Median Income in Norwood is $48,703.
The Home Value To Income in Norwood is 3.3x.
The Rent To Monthly Income in Norwood is 0.2x.
| Statistic | Norwood | Ohio | United States |
|---|---|---|---|
| Median Home Value | $162,600 | $159,900 | $244,900 |
| Median Rent | $792 | $870 | $1,163 |
| Median Income | $48,703 | $61,938 | $69,021 |
| Home Value To Income | 3.3x | 2.6x | 3.5x |
| Rent To Monthly Income | 0.2x | 0.17x | 0.2x |
Median Home Value
Median Rent
Median Income
Norwood, OH Costs By Category
Detailed Norwood Services Costs Vs. Ohio
Detailed Norwood Groceries Costs Vs. Ohio
Detailed Norwood Health Costs Vs. Ohio
Detailed Norwood Transportation Costs Vs. Ohio
Detailed Norwood Utilities Costs Vs. Ohio
Norwood SnackAbility
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Cost Of Living In Cities Around Norwood
The cost of living varies in the cities and towns around Norwood. Here's a quick look at the cost of living in the most populous nearby places:
Cincinnati, OH has a cost of living index of 87, 1.0x Norwood.
Mason, OH has a cost of living index of 104, 1.2x Norwood.
Monfort Heights, OH has a cost of living index of 98, 1.1x Norwood.
| City | Population | Cost Of Living | Vs. Norwood |
|---|---|---|---|
| Cincinnati, OH | 308,664 | 87 | 1.0x |
| Mason, OH | 34,337 | 104 | 1.2x |
| Monfort Heights, OH | 13,221 | 98 | 1.1x |
| Mack, OH | 11,452 | 104 | 1.2x |
| Montgomery, OH | 10,796 | 115 | 1.3x |
| Forestville, OH | 10,485 | 99 | 1.1x |
| Madeira, OH | 9,397 | 110 | 1.2x |
| Wyoming, OH | 8,691 | 112 | 1.3x |
| Dry Run, OH | 7,457 | 120 | 1.3x |
| Covedale, OH | 6,646 | 97 | 1.1x |
