Northwood, OH, shows a cost of living index below the nationwide average, which is set at 100. Specifically, Northwood's overall cost of living stands at 93, indicating it is generally more affordable for residents. The lower housing index at 90 and utilities at 89 suggest potential savings in these areas, while healthcare remains slightly higher at 98.
Professionals relocating to Northwood may find that their income stretches further due to the generally lower cost of living. However, they should be mindful of the slightly higher healthcare costs, which could impact overall expenses. This balanced profile makes Northwood an attractive option for job seekers looking for a cost-effective yet comfortable living environment.
Northwood, OH, presents a cost of living that is slightly below the nationwide average of 100. Housing costs in Northwood are at 90, meaning residents spend about 10% less on housing compared to the national average. This slight reduction in housing expenses can make Northwood an attractive option for those looking to minimize their living costs while still enjoying a comfortable lifestyle.
In addition to housing, Northwood’s grocery prices are set at 95, which is only 5% below the national average. This indicates that grocery shopping in Northwood remains quite affordable. Utilities in Northwood stand at 89, showing a 11% savings on utility bills. Transportation costs are slightly lower as well, with an index of 92, representing an 8% decrease. Healthcare costs are slightly above average at 98, meaning residents might spend slightly more on healthcare services. Miscellaneous costs also mirror the national average at 93, suggesting minor variations in other spending categories. Overall, Northwood offers a cost of living that is competitively priced with small, yet noticeable, savings in various sectors.
