Northwood, OH, has a cost of living index that is slightly below the nationwide average. The overall index stands at 91, which is 9% lower than the national average of 100. Housing costs in Northwood are notably lower, with an index of 85, representing a 15% decrease from the national average.
Despite the lower housing costs, other categories like groceries, utilities, and transportation remain close to the national average, with indices of 95, 90, and 92, respectively. Healthcare costs are slightly higher, with an index of 98, indicating a 2% increase. This balanced distribution makes Northwood an attractive option for those seeking a more affordable living environment.
Northwood, OH, presents a cost of living index that is notably lower than the nationwide average, which is set at 100. Specifically, Northwood's housing costs are 85, indicating that residents can expect to pay 15% less for housing compared to the national average. This reduction in housing expenses can be a significant advantage for those relocating to Northwood, offering more affordability in one of the essential living costs.
In addition to housing, Northwood's grocery index stands at 95, which is 5% below the national average. This means that groceries in Northwood are slightly cheaper than the average cost across the country. Utilities in Northwood are priced at 90, which is 10% less than the average. Transportation costs are also slightly lower, with an index of 92, representing an 8% decrease. Healthcare costs in Northwood are slightly higher, with an index of 98, indicating a 2% increase over the national average. Miscellaneous expenses, which include items like entertainment and personal care, are at 88, reflecting a 12% reduction. Overall, Northwood offers a cost of living that is generally more affordable than the national average, making it an attractive option for budget-conscious individuals.
