Norwood, OH, presents a cost of living that is slightly below the nationwide average. The overall cost of living index for Norwood stands at 88, which is 12% lower than the national average of 100. This lower index suggests that residents in Norwood may find certain expenses, such as housing and transportation, more affordable compared to the average American.
Norwood, OH, presents a cost of living that is notably lower than the nationwide average. The housing index in Norwood stands at 80, which is 20% below the national average of 100. This suggests that housing costs in Norwood are more affordable, making it an attractive option for those looking to save on their living expenses. Additionally, the cost of groceries in Norwood is slightly below the average, with an index of 90, indicating a 10% savings compared to the national average.
Utilities in Norwood also reflect a lower cost, with an index of 95, which is 5% below the national average. This means that residents can expect to save a bit on their utility bills. Transportation costs in Norwood are at 85, which is 15% lower than the national average. This affordability extends to healthcare, with Norwood’s index at 92, showing a modest 8% savings. Lastly, the miscellaneous cost index in Norwood is 88, which is 12% below the national average, indicating that everyday expenses are also more manageable in Norwood. Overall, the cost of living in Norwood offers a favorable comparison to the national average, making it a practical choice for many.
