Northwood, OH, has a cost of living index that is lower than the nationwide average of 100. The graph indicates that the overall cost of living in Northwood is 93, with housing, groceries, utilities, transportation, healthcare, and miscellaneous expenses all contributing to this figure. This places Northwood's cost of living 7% below the national average, providing a more affordable living option for residents.
Each category shows Northwood’s values relative to the average. Housing stands at 83, groceries at 96, utilities at 95, transportation at 92, healthcare at 98, and miscellaneous at 89. These lower housing costs make Northwood an attractive choice for those looking to save on living expenses while maintaining a high quality of life.
Northwood, OH, offers a cost of living that is slightly below the nationwide average. The housing index stands at 83, indicating that housing costs in Northwood are 17% less than the national average. This makes it a more affordable option for those looking to buy or rent homes in the area. Similarly, miscellaneous costs are at 89, which is 11% below the national average. These lower costs in housing and miscellaneous expenses can provide significant savings for residents.
When comparing other expenses, Northwood's groceries index is 96, meaning it is only 4% below the national average. Utilities are at 95, just 5% below the average, while transportation costs are slightly lower at 92, which is 8% below the national average. Healthcare costs are slightly higher in Northwood, with an index of 98, which is 2% above the national average. Overall, Northwood offers a mix of lower and comparable costs, making it an attractive location for those seeking a balance of affordability and quality of life.
