Northwood, OH, presents a cost of living index that is notably lower than the nationwide average of 100. Specifically, Northwood's overall cost of living stands at 90, indicating that residents can expect to spend about 10% less than the national average across various categories. This lower cost of living makes Northwood an attractive option for those seeking more affordable living conditions without sacrificing essential services and amenities.
Northwood, OH, presents a cost of living that is notably lower than the nationwide average. The housing index in Northwood stands at 82, indicating that housing costs are 18% lower than the average. This makes it an attractive option for individuals and families looking to save on their housing expenses. Additionally, the groceries index is 92, which means that grocery costs are 8% lower than the national average. This combination of lower housing and grocery costs can significantly reduce the overall living expenses for residents.
Transportation costs in Northwood are also slightly below the national average, with an index of 88. This translates to a 12% reduction in transportation costs compared to the average. Utilities, another essential expense, have an index of 95, which is 5% lower than the nationwide average. The healthcare index, at 97, is slightly above the average, indicating a minimal increase of 3% in healthcare costs. Miscellaneous expenses, with an index of 90, are 10% lower than the national average. Overall, the cost of living in Northwood, OH, offers a balanced and often more affordable lifestyle compared to the nationwide average.
