Norwood, OH, presents a cost of living that is notably lower than the nationwide average. The overall cost of living index for Norwood stands at 87, which is 13% below the national average of 100. This lower cost of living is particularly evident in housing, where the index is 78, reflecting a 22% reduction compared to the national average.
While some categories like groceries and healthcare remain close to the national average, others such as utilities and transportation also show slight decreases. This makes Norwood an attractive option for those seeking a more affordable lifestyle without significant sacrifices.
Norwood, OH, presents a cost of living that is notably lower than the nationwide average. The housing index in Norwood stands at 78, which is 22% below the national average of 100. This suggests that housing expenses in Norwood are significantly more affordable, making it an attractive option for those looking to save on their living costs.
Additionally, the grocery index in Norwood is 90, which is 10% below the national average. This indicates that groceries in Norwood are slightly less expensive than the average, providing some relief for daily food expenses. Utilities in Norwood are priced at 95, just 5% below the national average, showing that utility costs remain close to the average. Transportation costs in Norwood are at 88, which is 12% below the national average, offering another area where residents can save. Healthcare costs in Norwood are 92, which is 8% below the average, suggesting that healthcare expenses are slightly lower than the national average. Lastly, miscellaneous costs in Norwood are at 85, which is 15% below the national average, indicating that other living expenses are also more affordable. Overall, Norwood’s cost of living is 15% below the national average, making it a cost-effective place to live.
